Recycled Metals Update

The U.S. pig iron market has seen price reductions recently as domestic buyers pressured suppliers to align more closely with lower scrap prices. While sanctions on Russian and Ukrainian shipments had kept pig iron prices relatively steady, U.S. mills have managed to secure lower-cost pig iron from India, driving Brazilian suppliers to reduce prices as well. However, sourcing challenges and potential production disruptions in Brazil due to seasonal rains could limit further price drops. With a persistent premium of about $100/gt over #1 Busheling scrap, U.S. mills may struggle to narrow the cost gap on lower-phosphorus pig iron, which remains at a premium and limited in supply. https://lnkd.in/gRajJaY8 #recycledmetal #scrap #steel #ferrous #pigiron

The U.S. scrap market for November settled with mostly sideways pricing, though some Southern regions saw slight declines. Despite earlier expectations of a "Trump Bump" for the steelmaking sector, ferrous scrap and HRC prices remain weak, with little clarity on what might drive improvement. Looking ahead, the market seems poised for a rebound in December and January, as scrap dealers are likely to push back against further price drops in response to strong historical trends in winter pricing. Read the full article here: https://lnkd.in/gbKy778C #recycledmetal #scrap #ferrous #steel

The aluminum market is in a turbulent phase driven by a mix of rising alumina prices, supply chain issues, and imbalanced demand across global regions. With production pressures in China, oversupply in the U.S., and economic uncertainty in Europe, the market is volatile, and speculative investments have only added to the fluctuations. This complex landscape suggests that "buying the dip" could be risky as key fundamentals are unsettled, especially with uncertain demand growth and continued supply constraints. 🔗 Read Gabriella Vagnini's article here: https://lnkd.in/gNGYMeF5 #scrap #scrapmetal #recycledmetal #aluminum

https://lnkd.in/g2qX2a7X #scrap #tariffs #decarbonization #recycledmetal

The week in review: https://lnkd.in/gSrpZeg3 #recycledmetal #scrap #aluminum #recycling

Have manfuacturers reached a point where it would be cheaper and easier to buy primary aluminum verus the usual scrap metal purchases? https://lnkd.in/gn-Wjg5d #aluminum #scrap CRU #recycledmetal

Ball Corporation’s acquisition of Alucan significantly enhances its capacity for sustainable aluminum packaging, especially in Europe, where demand for recycled content is rising. This move will drive up demand for high-quality scrap, benefiting recyclers and positioning Ball for stronger partnerships with scrap suppliers to maintain a reliable circular supply chain. Additionally, Ball's solid financial performance and focus on shareholder returns underscore its growth trajectory, aligning with industry leaders like Novelis and Constellium, who are also scaling recycling efforts to meet global sustainability goals. 🔗 https://lnkd.in/gj_HUHzz Gabriella Vagnini #scrapmetal #scrap #recycledmetal Ball Corporation

Gabriella Vagnini's latest article reviews the progress and potential future of U.S. federal funding for #aluminum #decarbonization projects under Biden’s Investing in America plan, which allocated substantial grants to companies like Century Aluminum and Constellium. While Constellium has received partial funding to advance its low-carbon production, other projects, like Century's planned smelter, are still in early stages without disbursed funds. A potential change in U.S. leadership could impact the trajectory of these initiatives, but altering committed funds may face significant regulatory hurdles. Learn more here: https://lnkd.in/g8iXk46A #scrapmetal #recycledmetal #recycling #sustainability Constellium Century Aluminum

Stephen Miller's article highlights the psychological and somewhat tenuous connection between the U.S. and Canadian domestic ferrous scrap prices and export market trends, specifically with Turkey and Asia. While export prices sometimes influence expectations, they mostly reflect speculative trading, as observed through fluctuating Turkish demand and narrow price ranges. Export prices may not be a reliable basis for domestic pricing, given the limited movement and external geopolitical influence on the scrap market. Read his complete thoughts on the subject here: https://lnkd.in/gnCM8JbN #steel #scrap #recycledmetal #export

Peterson: Ferrous scrap market set for strong November: https://lnkd.in/gaPD48rZ #recycledmetal #scrap #ferrous #busheling