Survey respondents overwhelmingly said enough obsolete scrap existed to meet demand in May, even as expectations for freight and container costs moved higher and views on the direction of the Midwest premium remained relatively firm.
AMU's May aluminum market survey showed lengthier rolled product lead times coupled with shrinking extrusion and primary booking windows, though inventory building and forward demand sentiment remained cautious.
Before the second Trump administration, many automakers were banking on an electrified future, supported by federal and state tax incentives for consumers. But many of those tax breaks are gone.
This piece was first published by Aluminum Market Update (AMU), SMU’s nonferrous sister publication. To learn about AMU, visit their website or sign up for a free trial. The United Steelworkers (USW) union on May 16 reached a tentative agreement with Arconic on a three-year master agreement covering workers at four facilities. The next step: Each local union—at Alcoa, Tenn.; […]
Global shipping volatility is tightening its grip on steel supply chains. And the risks are not easing; in fact, they’re escalating, according to Anton Posner, CEO of Mercury Resources.
Steel Dynamics Inc. (SDI) has revised their metallic coating extras higher for galvanized, Galvalume, Galfan, and aluminized type 1 products.
The Iran war and the blockade of the Strait of Hormuz have sent oil and aluminum prices soaring higher. The impact on steel has been mostly indirect but hardly insignificant – especially when it comes to the costs of moving metal.
The process to reduce Section 232 steel and aluminum tariffs for producers in Mexico and Canada garnered mixed reactions from steel and metals’ supply chain advocacy groups.
Century Aluminum CEO Jesse Gary said his company could start up its new smelter in Oklahoma ahead of schedule if the permitting process moved more quickly.
I attended the SAFE Summit in Washington, D.C., earlier this week. It was an out-of-this world event – and I mean that quite literally. There were serious discussions around building data centers in space.
Anton Posner, CEO of Mercury Resources, will join Steel Market Update (SMU) and Aluminum Market Update (AMU) for a Community Chat on Thursday, May 14, at 11 am ET.
The US Department of Commerce has released new procedures allowing certain steel and aluminum producers in Canada and Mexico to qualify for reduced Section 232 tariffs – but only if they commit to building new primary production capacity inside the United States.
This piece was first published by SMU’s nonferrous sister publication, Aluminum Market Update. To learn about AMU, visit their website or sign up for a free trial. The aluminum market has spent much of the past month focused on supply risks tied to the Middle East. As more detail has emerged, the conversation has begun to shift away from aluminum […]
Core to the negotiations will be the need for a fundamental rebalancing of the relationship between the United States, Mexico, and Canada - especially when it comes to the steel and autos supply chain.
Toyota Motor Corp.’s $1 billion investment in its Kentucky and Indiana plants aims to expand production of aluminum-intensive vehicles, particularly across high-volume models and future battery electric platforms.
Military strikes on major aluminum facilities in the United Arab Emirates and Bahrain have introduced a new layer of uncertainty into a market that was already operating with limited flexibility.
The Trump administration has implemented changes to its steel and aluminum tariff framework that alter how duties are applied to imported manufactured goods, according to an April 2 presidential proclamation.
Prices for iron ore, aluminum, pig iron, and shredded scrap have all risen in the last 30 days. Busheling scrap held steady, while zinc and coking coal declined.
AMU's March survey results show lead times remaining extended as supply tightness persists, even as import competitiveness declines and logistics costs increase.
This piece was first published by SMU’s nonferrous sister publication, Aluminum Market Update. To learn about AMU, visit their website or sign up for a free trial. An automotive supplier plans to turn a former steel mill site in Alabama into a facility to produce aluminum and plastic components for US automakers. Taiwan-based Minth Group Limited said the $430 million […]
The ongoing conflict in the Middle East has led to higher and more volatile energy prices, and impacts on numerous other commodity markets – in particular fertilizers and aluminum. If disruption to Middle Eastern supply continues, this will have a serious negative impact on the global economy.
The market has been naturally fixated on the disruption of aluminum exports from the Persian Gulf. However, there is another shipping problem that also may have repercussions on the movement of manufactured goods originating in the Pacific. That is extreme congestion at the Panama Canal.
It's been just two weeks since the US and Israel launched a joint attack on Iran. And markets are still in flux as we wade through conflicting messages from the administration on what the goals are when it could be over.
Pace Industries plans to close two Muskegon die-casting plants following news of the planned shutdown of its Arkansas facility.
February survey results showed notable shifts across measured lead times and sentiment.
Turbine production grew along with demand from renewable energy. Now, data centers are fueling demand for electricity derived from natural gas.
The latest 10% tariff is expected to be enacted over the next several days using Section 122.
Waiting for possibly more changes to tariffs.
Emissions rules, production limits and material substitution are reshaping steel and aluminum use in North American vehicles.
The US House of Representatives voted on a resolution on Wednesday, Feb. 11, to disapprove of President Trump's national emergency declaration that led to the imposition of tariffs on Canada.