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European Secondary Aluminum Ingot Market Shows Slight Rebound
The European secondary aluminum market showed slight growth in the week ending October 3, supported by stable demand from aluminum casting producers, but still weighed down by high costs due to scrap shortages and persistent weakness in the automotive sector....
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...