Snuffed out. Hopes for a strong ferrous scrap market in September have been dashed as the flurry of interest from mills ahead of the Labor Day holiday proved short lived.
The ferrous scrap market started September with a bang, but that is steadily turning into a whimper as price hikes are taking a step back.
The days of low-priced rhenium from Molibdenos y Metales SA (Molymet) are coming to an end with the expiration of several long-term supply agreements between the Chilean producer and its aerospace engine manufacturer customers.
| No. 2 heavy melt | -3.57% |
| Palladium | -1.15% |
| Natural gas | -1.00% |
| Aluminum Alloy | -0.97% |
| GOLD - Comex close | -0.14% |
| Zinc - LME:PM | +2.04% |
| Lead - LME:PM | +2.05% |
| Copper, brass ingot | +2.89% |
| Nickel - LME:AM | +3.63% |
| Aluminum, mills/spe | +3.93% |
The market may lack twinkle, but star power lit up the night at AMM?’s first annual Awards for Steel Excellence presentation ceremony in New York. The awards, which recognize advancements rooted in pioneering and implementing business improvements that have delivered real change to the steel industry, were presented to nine companies and two individuals. AMM congratulates the winners, profiled in the following pages, and salutes the best-in-class initiatives that set them apart.
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