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    CRU

    June 23, 2023

    CRU: June’s Early Optimism Fails To Sustain LME Price Rally

    Written by Stephen Williamson

    CRU research manager Stephen Williamson shares an update on the aluminum market and pricing with SMU readers. This article was written

    The LME rallied in the days following the debt ceiling resolution by Congress and the price of aluminum pressed towards $2,300 per metric ton. This week, however, the price fell back through a key support point at $2,225 at mid-week before falling below $2,200 on Friday, June, 23, without any demand support to sustain the positive sentiment.

    Stephen Williamson

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    CRU: Global finished steel prices diverge, US the rare bright spot

    CRU: Global finished steel prices have diverged in August, with longs softening while sheet and plate firmed in most regions. Weak construction demand persisted across most longs markets, with the US the notable exception. Higher sheet prices were driven by tightening supply in the US and reduced import attractiveness in Europe, even as APAC sheet prices declined. Plate prices were mostly firmer across APAC, stable to down in Europe, and continued climbing in the US.