ScrapMonster has become North America's largest scrap trading platform with 92,304 members and the trusted source for scrap prices, news, and information. Join Today!
Great Lakes steel production rose by 8,000 tons last week, while U.S. steel mills remained under 85% capacity utilization, according to the American Iron and Steel Institute.
Chinese steel rebar and hot rolled coils futures jumped on Thursday, as demand for the most traded May deliveries are expected to recover from the weak consumption season.
Gold prices were steady on Friday as investors tried to gauge what impact a weak U.S. jobs report would have on the Federal Reserve's monetary policy amid uncertainty sparked by the Omicron coronavirus variant.
Restrictions on scrap metal imports into China, Malaysia and other countries present a golden opportunity for recyclers in India, an industry official said on Wednesday.
Several key producing countries including China, Japan, Korea and the European Union have announced measures aimed at achieving net-zero carbon emissions by 2050.
Apart from increasing square foot area, the 54,000 square foot facility promises improved production areas, through deployment of state-of-the-art technologies.
