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U.S. Crude Steel Production Drops to Lowest Since May
U.S. domestic crude steel production stood at 1.749 million net tons in the week ending Saturday, October 4, with a capacity utilization rate of 77.2%, according to data released by the American Iron and Steel Institute (AISI). This is the lowest level recorded since...
US Eyes Greenland: Washington Considers Investment in Critical Metals’ Tanbreez Project
The US administration is considering purchasing a stake in Critical Metals as part of Washington's strategy to tighten control over global supplies of critical minerals, Reuters reported Friday. The deal, if confirmed, would give the US government a direct interest in...
Taiwan Scrap Market Declines for Sixth Consecutive Week
The Taiwanese market for US-origin ferrous scrap recorded another decline in the week ending Thursday, October 2, marking its sixth consecutive decline. According to Commodity Evolution sources, demand remained weak due to weak rebar sales and reduced offers of...
US Aluminum Scrap Market Steady: Weak Demand and Limited Activity
The US aluminum scrap market continued to trade in a stable range during the week ending Thursday, October 2, amidst subdued demand and light trading, typical of the start of a new month. According to Commodity Evolution, the price of mixed, low-copper scrap delivered...