Bulls increasingly optimistic for higher scrap prices in September

European secondary aluminium prices have been stable in the week to Friday August 25, while Fastmarkets launched two additional grades of alloy that have also been steady so far through the month

The US steel scrap market may drag the bottom in August with the market caught in a stalemate between tight supply and low demand

Steel Dynamics Inc (SDI) will dedicate nearly half of the output from its 650,000-tonne capacity aluminium rolling mill Columbus, Mississippi, to primarily produce beverage cans, a market currently experiencing a glut of inventory

North American steel scrap prices could face their third consecutive month of decline across all grades in July as traditional summer production slowdowns hinder demand

The share of direct-reduced iron (DRI) being used by Indian induction furnaces and foundries has grown over the last month, despite efforts by a strong scrap lobby to use more of the secondary raw material to reduce carbon emissions in the country

Optimus Steel’s ongoing expansion and upgrades at its Beaumont, Texas facility since 2021 will – by the time of completion in late 2024 – double its rolling capacity from 800,000 tons per year to 1.6 million tpy

The publication of Fastmarkets’ price assessments for aluminium scrap LM6/LM25 and LM24 gravity diecasting ingot, delivered consumer UK and the UK aluminium scrap grades price assessments for Wednesday June 14 were delayed due to a reporter error.

In contrast to the apparent widespread belief that war would lead to a surge in scrap collections in Ukraine, volumes actually fell in 2022 and are likely to fall again in 2023, according to the head of Ukranian commodities think-tank, GMK Center

The outlook for North American steel scrap prices has headed further into bearish territory ahead of June's trade, with prices for all grades expected to fall again after a round of across-the-board decreases in May