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UK Secondary Aluminium Caught Between Higher LME Prices And Still-Weak Demand
The UK secondary aluminium market is going through a phase characterized by mixed signals. The rise in aluminium on the London Metal Exchange has begun to support higher-purity grades, but the improvement in quotations has not yet translated into a generalized...
US Scrap: East Coast Quiet, But Freight And Turkish Rebar Open The Door To Increases
The US East Coast ferrous scrap export market has entered a quiet phase. As of Wednesday September 9, no new transactions had emerged after the two sales reported on September 2, while Turkish mills preferred to purchase raw materials from other countries. Turkey’s...
Copper And Brass Scrap: COMEX Rally Has Not Yet Widened Discounts
The latest rise in COMEX copper was not sufficient to change the balance of the US scrap market. In the week ending Wednesday September 9, discounts applied by brass mills and refiners remained substantially unchanged, despite the December-delivery contract reaching...
US Stainless Steel Scrap Stable, But Exports Continue To Support 316
The US stainless steel scrap market went through the first week of September without significant changes. Prices paid by both processors and dealers remained substantially stable in the period ending September 8, while the nickel alloy scrap sector showed more varied...