Over the past few months the aluminum market has seen dramatic increases in all our input costs.  These increases have been driven by a combination of factors: increased demand (which is causing very tight domestic supply), rising feedstock costs, structural changes in duty rates on imports, and uncertainty of further U.S. government actions around imposing.. read more →

Stainless steel prices rose in April amid a rise in major North American mills base prices and raw material surcharges, with market players emphasizing that strong demand has allowed the mill increases to stick. Stainless distributors cited a 5~6% rise in April surcharges for the 300 grades that, when coupled with the mills hikes led.. read more →

  • Copper
    Copper

Worries about Chinese credit markets and weaker international demand caused copper futures to fluctuate March 12 after Comex prices hit a nearly four year low a day earlier. The May-delivery Comex copper contract fell to $2.952 per pound March 11, the lowest level since July 2010. The bond default has created downward mementum on prices,.. read more →

07 Feb 2014
February 7, 2014

Midwest Aluminum Premiums Set to Fall

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  • Aluminum
    Aluminum

Midwest aluminum premiums could fall to as low as 10 cents per pound by this summer as current record-high premiums attract imports and threaten to splatter red ink on cash-and-carry deals, analysts said. The drop would be due, in part, to premiums that have skyrocketing to 20.75 cents per pound from 12 cents in a.. read more →

  • Aluminum
    Aluminum

U.S. Midwest aluminum premiums have surged to more than 10-year highs, surpassing previous records set this past summer. AMM’s spot P1020 aluminum premium moved to a range of 15 to 16.5 cents per pound January 8, up from 11.5 to 12 cents per pound previously. Premiums had drifted to 9.5 to 10 cents per pound.. read more →

19 Dec 2013
December 19, 2013

Stainless Scrap Prices Continue Climb

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Stainless steel scrap processor buying prices continued to strengthen this week alongside a continuing nickel rally on the London Metal Exchange and tightness in available material, market participants said. Dealer and processor sources both noted an increase in the 300 grades due to the LME’s current rally and reported tightness in material available in market… read more →

03 Dec 2013
December 3, 2013

Titanium mart outlook flat to year-end

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Titanium spot market demand appears on track to remain flat through year-end as mills, consumers and distributors drive to pare inventory. “It is not getting any better,” one distribution executive said. “The Mills want to push out material, but the customer don’t want to take it.” “This is a very transactional market now,” one buyer.. read more →

14 Nov 2013
November 14, 2013

Copper premiums could soar 30% in 2014

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  • Copper
    Copper

Physical copper premiums could rise as much as 30% in 2014 as Chinese financing demand increase, according to a senior analyst at Barclays Capital Plc. China has surprised with the strength of its recent demand, driven by renewed import financing, Nicholas Snowdon said during an American Copper Council meeting this week in Miami. He added.. read more →

25 Oct 2013
October 25, 2013

Midwest premiums on steady ground

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  • Aluminum
    Aluminum

Midwest aluminum premiums continued to hold their ground this week, with market participants describing current price ranges as either stable or poised for a rebound. Supporting premiums are a market contango that is bolstering demand from the financial community, tightness in some regions of the United States due to production shutdowns, more disciplined pricing and.. read more →

  • Copper
    Copper

Copper consumption will decline going forward as the price differential between the red metal and aluminum continues to encourage substitution, according to Jim Vann, Rea Magnet Wire Co. President. Vann attributed the change to copper prices increasing an average of 8.5 percent annually since the 1980s while aluminum prices have remained low. Vann said he.. read more →