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Global Ferrous Scrap Market: Prices Decline or Steady Amid Weak Demand, Adverse Weather, and Asian Holidays
Global ferrous scrap prices traded sideways or slightly lower in the week ending Friday, October 3, amid weak demand, lower trade volumes, and challenging weather conditions in Asia. As reported by Commodity Evolution, the combination of a slowdown in steel...
CBAM Debate Ignites Climate Week in New York
The recent Climate Week NYC (September 21-28) brought global attention to the future of the Carbon Border Adjustment Mechanism (CBAM), the European Union's carbon border adjustment mechanism intended to reshape the global trade balance in emissions-intensive...
Discounts Rise in the US Recycled Copper Market While Demand Remains Sluggish
The US copper scrap market has seen a mixed week, with rising discounts and higher Comex prices, but domestic demand remains weak. Traders are reporting a cautious and wait-and-see climate, with smelters and brass producers moving cautiously, while refined copper...
European and UK Secondary Aluminum Ingot Market: Amid Margin Pressure, Limited Inventories, and Industrial Uncertainty
The European secondary aluminum ingot market showed slight signs of recovery in the week ending October 3, supported by steady demand from aluminum casting producers, but held back by increasingly high costs related to scrap shortages and the weakness of the...