Participants in the market for copper scrap and blister in China, the world’s largest importer of copper raw materials, expect there to be fiercer competition for material in 2025, industry sources told Fastmarkets in the week to Thursday January 9.

The biggest threat to keeping carbon emissions low in the steel industry is imports flowing in from regions where there is a lack of focus on emissions reduction, Kevin Dempsey, president and chief executive officer of the American Iron and Steel Institute, said at Fastmarkets’ second annual Circular Steel Summit on Wednesday January 15 in Houston, Texas.

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US President-elect Donald Trump’s second term in office will hit the US steel market hard and fast, delegates heard at Fastmarkets’ second annual Circular Steel Summit on Wednesday January 15 in Houston, Texas.

The European steel and aluminium scrap industries urged the European Commission on Wednesday January 15 against taking action to curb scrap exports after domestic industry metals producers backed measures to do just that.

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Renewed US-China trade tensions with Donald Trump’s second presidential term could bolster Southeast Asia’s aluminium scrap industry in 2025, particularly amid still-growing Chinese demand, sources told Fastmarkets by Tuesday, January 14.