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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,...
NCM Black Mass Falls In Asia, Lithium, Nickel And Cobalt Weigh On Payables
Payables for NCM black mass continued to fall in both South Korea and Southeast Asia in the week ended Wednesday July 1, reflecting increasingly cautious sentiment in the main Asian battery recycling hubs. The weakness of the underlying metals weighed most on the...
Heavy Plate Slightly Lower In Europe, With Weak Demand And Slower Summer Activity
The European heavy plate market showed slight downward pressure in the week ended Thursday July 2, both in Italy and in Northern Europe. What weighed on prices were above all weak demand, the reduction in commercial activity typical of the summer period and greater...