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Construction sector: industry integrity put to the test
In addition to fluctuating metal prices, the integrity of the sector has been tested by several other problems. These include rising interest rates, labor shortages, global energy shortages, and zero-COVID. European commercial 1050 aluminum sheet has experienced a...
Aluminum scrap: European demand threatens companies’ margins
Aluminum scrap prices in Europe have risen sharply in recent weeks due to strong export demand from India and other parts of Asia, and this pressure could continue in the first quarter. This could make it difficult for alloy producers to maintain margins on domestic...
Steel: the global automotive industry is planning to increase its non-fossil use
Although it is not yet widely available, automakers are waiting for carbon-free steel production to increase in volume and decrease in price to add it to their production lines. Steel production is still responsible for between 7 percent and 9 percent of global...
Ferrous scrap: global prices showed mixed sentiment
The global ferrous scrap market showed mixed sentiments, with the Turkish market coming alive with frequent trading throughout the week and Vietnamese steel mills winning a major portion of the Kanto tender for December. Shagang Steel raised scrap purchase prices...