spreads
ICIS says rPET incentives remain weak
Plastics sector analysis says enforcement in Europe to incentivize the use of recycled-content PET has not been strong enough to displace low-cost virgin material.
More in spreads
China’s primary copper producers could seek more scrap
Restricted copper concentrate supplies have producers in China considering boosting scrap percentages at melt shops, Bloomberg says.
Befesa remains profitable, increases revenue in 2024
Metals production byproducts recycler nets $53 million in 2024 and credits positive zinc pricing environment.
Sims’ late 2024 earnings decline from 1 year earlier
Recycling company’s CEO calls it “a strong performance against a challenging market.”
Cleveland-Cliffs loses $700M in 2024
CEO cites sluggish domestic auto sector for lack of demand for American steel.
Gerdau Q4 results show drop-off in business
The global steelmaker remained profitable, but its shipments and earnings declined in last year’s fourth quarter compared with the prior three months.
Copper traders grapple with arbitrage activity
A sizable spike in copper’s Comex value compared with other global exchanges has American traders acting with caution.
Nucor nets $2B in 2024
Recycled-content steelmaker was profitable in 2024, but its net earnings attributable to shareholders fell by 55 percent compared with the prior year.
Ferrous market ends 2024 in familiar rut
The monthly average value of ferrous scrap rose just twice in 2024, and both times rather modestly.
Hydro cites recycling as 2024 growth driver
Global aluminum producer is on track to consume 700,000 metric tons of what it categorizes as postconsumer scrap this year.
BIR Autumn 2024: Stainless scrap competes in crowded arena
While stainless steel scrap has its place in the metallics picture, it continues to face competition from ore-based nickel pig iron.
