Davis Index Updates

Here are the top stories from today’s global edition: US: Secondary aluminum ingot prices tick up US secondary aluminum ingot prices moved up by less than a cent across most grades amid subdued trading. Iván Lechuga analyzes the secondary aluminum ingot market. https://lnkd.in/gjitSJEp Olympic Steel’s Jan-Sep net sales fall Olympic Steel’s consolidated net sales fell 8.7pc in the first nine months of 2024 to $1.52bn from $1.67bn annually. In Q3, net sales contracted by 10.7pc to $470mn from $526.41mn in the prior-year quarter. Sabrina Shaw breaks down the steelmaker's volumes. https://lnkd.in/gFVs4Epx Ops disrupted at Grupo Simec's Mexico plant An incident at Mexican steelmaker Grupo Simec’s (Simec) Apizaco mill in the central state of Tlaxcala has impacted operations. Iván Lechuga outlines details of the operational disruption. https://lnkd.in/gJ-vEyS2 #recycledmaterials #steel #steelproduction #ferrous #nonferrous #steelmaking #steelindustry #ferrousscrap #scrapmetal #aluminium #aluminum #copper #copperscrap #aluminumindustry #aluminiumindustry #Asia #India #China #USA #UK #Turkey #Europe #NorthAmerica

Here are the top stories from today’s global edition: US: Recycled zinc prices decline with LME US recycled zinc prices declined by 2-4¢/lb over the week in tandem with a decline in LME Zinc. George Dcruze analyzes the factors affecting the recycled zinc market. https://lnkd.in/g7hVBuA2 Ball Corporation’s Jan-Sep sales decline Westminster, Colorado-based aluminum packaging producer Ball Corporation expects around 5pc growth in its earnings per diluted share in the full year 2024. George Dcruze breaks down the production and sales volumes. https://lnkd.in/gcrMACBP LatAm value chains and growing risks: Alacero Latin America’s steel consumption per capita, 223/kg per, is still less than half of the world average. At the same time, the region needs to be cautious with its investments; if a country grows, it must invest in modern technologies. Iván Lechuga summarizes discussions at the ALACERO summit in Argentina. https://lnkd.in/gbaArdAw #recycledmaterials #steel #steelproduction #ferrous #nonferrous #steelmaking #steelindustry #ferrousscrap #scrapmetal #aluminium #aluminum #copper #copperscrap #aluminumindustry #aluminiumindustry #Asia #India #China #USA #UK #Turkey #Europe #NorthAmerica

Here are the top stories from today’s global edition: US: Secondary reAl prices trend rangebound US secondary recycled aluminum prices remained within the same range as mid-October as trades slowed further over the week. George Dcruze analyses the recycled aluminum market. https://lnkd.in/gwxPi9AD LatAm should focus on industrial growth: Alacero Development without fostering industrial growth is difficult, and this is true for Latin America and Brazil, emphasized by speakers at Alacero Summit 2024, held in Buenos Aires. Zulma Herrera-Vakkur summarizes discussions at the ALACERO summit in Argentina. https://lnkd.in/gRwKkDZQ Ryerson forecasts lower shipments in Q4 Chicago-based metal producer Ryerson expects its shipments to decline sequentially by 8-10pc in Q4 2024, driven by a continued slowdown in consumer demand. Net sales for Q4 are expected at $1-1.04bn. Sabrina Shaw breaks down the data. https://lnkd.in/g-W4Fc9U #recycledmaterials #steel #steelproduction #ferrous #nonferrous #steelmaking #steelindustry #ferrousscrap #scrapmetal #aluminium #aluminum #copper #copperscrap #aluminumindustry #aluminiumindustry #Asia #India #China #USA #UK #Turkey #Europe #NorthAmerica

Here are the top stories from today's Asia edition: Asia: Recycled aluminium sideways amid holidays The index for 6063 extrusions gained $7/mt to $2,205/mt cfr India port. On the other hand, A365 wheels gained by $47/mt to $2,435/mt cfr India port on healthy demand for the Middle East and Australia-origin wheels. Read Beethika Biswas's commentary for an in-depth analysis of Asia's recycled aluminium market. https://lnkd.in/guz2wYFm JTL doubles steel tube plant capacity at Raipur India’s steel tube manufacturer JTL Industries has announced successful expansion of its tube and pipe plant at Raipur, Chhattisgarh from 100,000mt to 200,000mt annually in order to meet growing domestic demand. Sandeep Goyal elaborates on the plan. https://lnkd.in/gsabQ4Xm   Australia may loose iron ore leverage: Fortescue Australia risks losing its dominant position in the global iron ore market if it does not make a rapid shift to produce green iron, as global steelmakers focus on decarbonization, as stated by Fortescue CEO Dino Otranto on Tuesday. Aditya Sinha reports further. https://lnkd.in/gMpmD3iZ #recycledmaterials #steel #steelproduction #ferrous #nonferrous #steelmaking #steelindustry #ferrousscrap #scrapmetal #aluminium #aluminum #copper #copperscrap #aluminumindustry #aluminiumindustry #Asia #India #China #USA #UK

Here are the top stories from today’s global edition: US: Competitive buying lifts 304 solids US daily stainless steel processor buying prices ticked up on Tuesday. SS 304 solids gained 2pc following competitive bids in certain regions. Shohini Nath analyses the recycled stainless steel market. https://lnkd.in/gXm-sPMQ Regionalization opportunities are vital: ALACERO Latin America has an excellent opportunity to leverage the nearshoring trends evident in the US and Mexico. Regionalization growth can cut dependence on Asia and fortify supply chains. Zulma Herrera-Vakkur summarizes discussions at the ALACERO summit in Argentina. https://lnkd.in/gwfRRj-b Eurofer lowers steel demand forecast for 2024 The European Steel Association (Eurofer) has predicted a 1.8pc decline in steel consumption across the region, compared with projection of a 1.6pc downtrend, largely due to economic uncertainty and inflation. George Dcruze outlines details. https://lnkd.in/g9Tuq3Sj #recycledmaterials #steel #steelproduction #ferrous #nonferrous #steelmaking #steelindustry #ferrousscrap #scrapmetal #aluminium #aluminum #copper #copperscrap #aluminumindustry #aluminiumindustry #Asia #India #China #USA #UK #Turkey #Europe #NorthAmerica

Here are the top stories from today's Asia edition: India: Imported ferrous prices remain sideways India’s imported containerised recycled steel prices exhibited sideways movement on Tuesday across all grades in absence of any major trades. Read Kedar Joshi’s commentary for an in-depth analysis of the imported recycled steel market in India. https://lnkd.in/g-BUzWjr JSW, POSCO tie up for metal projects in India India's JSW Group has signed a MoU with Korea's POSCO Group with an aim to collaborate in the areas of steel, battery materials and renewable energy sectors in India. Sandeep Goyal also elaborates on JSW Steel’s total crude steel production and sales guidance for FY2025. https://lnkd.in/gYmEXdzx Merdeka maintains 2024 Cu, Ni output guidance Indonesian mining conglomerate Merdeka Copper Gold (MBKA) is on track to achieve its 2024 production guidance of 14,000- 16,000mt of copper, as reported in its investor presentation for H1 (January-June). Beethika Biswas also reports on the company’s projected NPI (nickel in pig iron) output in 2024. https://lnkd.in/gYRhgmvF #recycledmaterials #steel #steelproduction #ferrous #nonferrous #steelmaking #steelindustry #ferrousscrap #scrapmetal #aluminium #aluminum #copper #copperscrap #aluminumindustry #aluminiumindustry #Asia #India #China #USA #UK

Here are the top stories from today’s global edition: Turkey: Domestic ferrous prices trend flat The weekly Davis Index for DKP grade (auto bundles) in Turkey (Turkiye) was unchanged delivered on Monday. Olga Yakymchuk analyzes Turkey's domestic ferrous market. https://lnkd.in/gW_fun5X US steel imports rise in Jan-Sep: AISI The US' steel imports were up by 1.9pc to 22.26mn nt (20.19mn mt) for the first nine months of the year against 21.84mn nt the same period of 2023, according to the American Iron and Steel Institute (AISI) per Census Bureau data. Iván Lechuga breaks down the data. https://lnkd.in/gu9J7j7i Danieli invests in green steel project expansion Italian equipment manufacturer Danieli announced investment plans for €572mn ($617.76mn) over five years to enable the production of 700,000mt of special steels annually. Mihir Hemlani outlines details. https://lnkd.in/gqzrnCUJ #recycledmaterials #steel #steelproduction #ferrous #nonferrous #steelmaking #steelindustry #ferrousscrap #scrapmetal #aluminium #aluminum #copper #copperscrap #aluminumindustry #aluminiumindustry #Asia #India #China #USA #UK #Turkey #Europe #NorthAmerica

Here are the top stories from today's Asia edition: India: Imported Fe sideways amid Diwali holidays The daily Davis Index for containerised Shredded settled unchanged on Monday at $388/mt cfr India. Late last week, thin trades were reported, although most importers have already postponed their buying decisions until the Diwali holiday break. Read Kedar Joshi's commentary for an in-depth analysis of the recycled ferrous market in India. https://lnkd.in/gdipQf4C Tokyo Steel’s sales to drop 8pc in H2 FY2024 Japan-based Tokyo Steel has downsized its full-year sales guidance for FY2024 (April 2024 – March 2025) by 7.9pc to 1.74mn mt compared with the actual sales of 1.89mn mt in FY2023, according to the company’s latest investor presentation released on Friday. Aditya Sinha elaborates on Japan's Tokyo Steel H2 FY2024 sales. https://lnkd.in/g9VrCeDE   Godawari's iron ore pellet output flat in H1FY25 Central India-based Godawari Power and Ispat has revised iron ore mining production guidance for FY2025 (April 2024-March 2025) at 2.35mn mt from 3mn mt due to heavy in the state of Chhattisgarh along with delay in approval for capacity expansion at Ari Dongri mines. Sandeep Goyal reports on Godawari's iron ore pellet production in H1FY25. https://lnkd.in/gUXTe3Ts #recycledmaterials #steel #steelproduction #ferrous #nonferrous #steelmaking #steelindustry #ferrousscrap #scrapmetal #aluminium #aluminum #copper #copperscrap #aluminumindustry #aluminiumindustry #Asia #India #China #USA #UK

Here are the top stories from today’s global edition: Turkey: Downtrend continues on ex-US Fe sale The daily Davis Index for Turkish imports of US-origin HMS 1&2 (80:20) decreased by $4/mt to $363.75/mt cfr on Friday following a new booking. Olga Yakymchuk reports the latest updates in the Turkish ferrous import market. https://lnkd.in/gH9JtWt3 US-Canada collaboration on aluminum imperative Chuck Johnson, president and chief executive officer (CEO), the Aluminum Association, noted that the US-Canada border has been considered immaterial as for the primary aluminum industry since 75pc of the aluminum consumed in the US is sourced from Canada. George Dcruze provides an update. https://lnkd.in/g7m4zdGg Blastr, Knauf Interfer partner for green steel Norwegian firm Blastr Green Steel has partnered with Knauf Interfer to supply 100,000mt of ultra-low carbon dioxide steel annually, boosting Europe’s green steel availability. Milolo keren Beya outlines details of the partnership. https://lnkd.in/gnDd4v6S #recycledmaterials #steel #steelproduction #ferrous #nonferrous #steelmaking #steelindustry #ferrousscrap #scrapmetal #aluminium #aluminum #copper #copperscrap #aluminumindustry #aluminiumindustry #Asia #India #China #USA #UK #Turkey #Europe #NorthAmerica

Here are the top stories from today's Asia edition: India: Busheling prices drop $10/mt in a week India’s daily imported containerised recycled steel prices trended down by $2/mt on Friday across all grades amid subdued demand. Read Kedar Joshi’s commentary for an in-depth analysis of the imported recycled steel market in India. https://lnkd.in/gte-uu63 JSW Steel raise sales by 2pc in H1 FY2025 JSW Steel's consolidated Indian operations reported 11.86mn mt of sales volume during H1, up 2pc from the prior-year period. Sandeep Goyal elaborates on total crude steel production and sales guidance for FY2025. https://lnkd.in/gJj2c6XE Angang Steel's iron and steel output down in H1 Chinese steelmaker Angang Steel’s production of crude steel and rolled steel in H1 2024 (January-June) reached 13mn mt and 12mn mt, down 7pc and 4pc respectively, compared with the corresponding period of the previous year. Beethika Biswas reports on the company’s iron output. https://lnkd.in/gc-ypZS2 #recycledmaterials #steel #steelproduction #ferrous #nonferrous #steelmaking #steelindustry #ferrousscrap #scrapmetal #aluminium #aluminum #copper #copperscrap #aluminumindustry #aluminiumindustry #Asia #India #China #USA #UK