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HRH Metals Changes Ownership and Opens to the Public: Scrap Becomes Strategic to Strengthen Margins and Increase Volume
Longtime Alabama metals recycler HRH Metals announced a change of ownership effective Tuesday, October 7, along with a plan to open its Moody facility to scrap metal from the public, a move aimed at improving operating margins and increasing incoming material flow....
Nickel Premiums Steady in Europe: Demand Focused on Briquettes and Inventories Unchanged in Rotterdam
The European refined nickel market remained stable in the week ending Tuesday, October 7, with limited liquidity but demand focused on briquettes, which continue to dominate trading among traders. According to Commodity Evolution, the premium for nickel briquettes,...
US Lead Premium Hits Two-Year High: Tariffs and Supply Tightness Push Prices to New Record
The premium on refined lead in the United States continued its upward trend in the week ending Wednesday, October 8, approaching its 2022 record levels. Driving this surge, market sources explain, are the impact of new trade tariffs, supply restrictions, and the...
US Stainless Steel Scrap Declines: Weak Demand and Excessive Inventories Weigh on the Market Despite Nickel Rebound
The US stainless steel scrap market saw a slight decline in prices in the week ending Tuesday, October 7, amid sluggish trading activity and weak demand from steel mills. Traders are reporting a cautious climate, with high inventories and little buying appetite,...