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Turkish Scrap Searches For A Floor, But Finished Steel Weakness Keeps The Market Under Pressure
The Turkish ferrous scrap market remains weak, but the picture appears less univocal than in the second half of June. After the sharp correction recorded during the month, operators are beginning to question whether quotations are approaching a bottom. Stabilization,...
Secondary Aluminium ADC12 Falls In Japan, Weak Autos And Retreating LME Weigh On The Market
Spot prices for secondary aluminium alloy ADC12 imported into Japan continued to fall in the week ended Wednesday July 1, reflecting the sharp correction in aluminium futures on the London Metal Exchange and weaker demand from the automotive sector. The market moved...
US Ferrous Scrap Under Pressure, Export Stalled And Yard Prices Falling
The US ferrous scrap export market has entered a phase of clear weakness. No confirmed US deep-sea cargoes have been recorded for almost two weeks, while exporters are reducing buying prices at yards on the belief that the next vessel will be sold at a discount. The...
US Aluminium, Magnitude 7 Restarts Marston: Tariffs Drive The Return Of Primary Capacity
Magnitude 7 Metals has decided to restart the first potline of its primary aluminium smelter in Marston, Missouri, adding 75,000 tonnes of capacity before the end of 2026. The announcement was released on Wednesday July 1 by the American Primary Aluminum Association,...