While domestic copper demand has remained low, US exports of copper scrap continued to grow in 2022, rising 1.54% over 2021 levels, according to US International Trade Commission data

March ferrous market poised for staunch increase

Sentiment in the US domestic ferrous scrap market has continued to improve ahead of the March trade, with sellers marveling at the prospect of an unexpected fourth consecutive monthly increase while also lamenting that they are short on inventory to sell

Smelter-grade aluminium scrap prices moved in different directions in the week to Thursday February 23, with sources citing bouncing prices and changing export demand

Global deep-sea ferrous scrap sales to Turkey are ramping up at higher prices, stoking bullish sentiment for US exports and March’s domestic trade alike

Growing consumer demand for automotive manufacturers to use sustainable materials is driving the uptake of low-carbon aluminium, with producer Rio Tinto announcing a partnership with BMW Group to supply the metal

The Material Recycling Association of India’s annual International Metals Recycling Conference (IMRC) on February 2-4 saw the event return to southern city of Kochi for the first time since 2019 and, judging by the demand for rooms in the run-up to the event, there has been a massive increase in the numbers attending

A Turkish mill in a region geographically unaffected by the earthquakes in the southeast of the country on February 6 made a return to the US ferrous scrap export market on Friday February 10

Flat-rolled steel producers in the United States increased spot prices for the fifth time in less than three months on Monday February 13, led by an uptick in spot demand and higher scrap prices, according to market participants; the latest hikes bring the total increases to $260 per short ton

The US Midwest ferrous scrap market extended its upward momentum, rising in February for the first time since 2010 on strong export, good order books and low scrap inventories