CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of U.S. Midwest #1 Busheling Ferrous Scrap (AMM) futures to begin trading on
, subject to relevant regulatory approvals. This...
Noranda Aluminum Holding Corp.’s value-added aluminum shipments rose in the first quarter to their highest level in a decade as the billet and rod markets continued to thrive, the Franklin, Tenn.-based company said.
Steel service centers in the United States and Canada held inventories close in March despite healthy month-on-month shipment gains—a trend sources call unsurprising given a weaker expectation for pricing on steel sheet in the months ahead.
U.S. raw steel output reached a two-and-a-half-year high of 1,861,000 net tons last week, up 2.4 percent from 1,818,000 tons the previous week, as mills operated at an average capability utilization rate of 76.1 percent.