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 →

03 May 2013
May 3, 2013

Stainless Steel Prices Up

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  • Stainless Steel
    Stainless Steel

Stainless steel prices rose slightly alongside March surcharges, although many buyers are holding off in anticipation of lower tags in April, market participants said. The price increases were largely in line with higher March surcharges from the major products, market participants said. Business has improved slightly since the start of the year, but still hasn’t.. read more →

27 Mar 2013
March 27, 2013

Copper, brass lead times out

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  • Copper
    Copper

Service centers are reporting extending lead times for all copper and brass products on the back of strong demand from the automotive and housing sectors, which could encourage some buyers to turn to imports Lead time for certain light-gauge material are out as long as 18 weeks from 12 weeks previously. The long lead times.. read more →

11 Mar 2013
March 11, 2013

Stainless Prices Up

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  • Stainless Steel
    Stainless Steel

Stainless steel prices rose slightly alongside March surcharges, although many buyers are holding off in anticipation of lower tags in April, market participants said. The price increases were largely in line with higher March surcharges from the major products, market participants said. Business has improved slightly since the start of the year, but still hasn’t.. read more →

  • Copper
    Copper

Lead times for light gauge copper products remain at three months. For light gauge flat rolled, orders are placed for June. That’s way out, the first service center source said. A fourth service center source confirmed this trend, adding that he expects lead times for light gauge material to stay out on the back of.. read more →

15 Oct 2012
October 15, 2012

Midwest Aluminum Spot Market Slows

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  • Aluminum
    Aluminum

Spot P1020 business has given way to discussions between producers, traders and aluminum consumers focusing on next year’s aluminum supply contracts. Few deals were closed as a result, which kept Midwest aluminum sport premiums firmly between 11 and 11.50 cents per pounds. I expected more spot activity because the aluminum price came back down, but.. read more →