Global MFG - Sep 3, 2019
Global MFG - Aug 24, 2018
Trade war hits scrap yards in Michigan in ways you wouldn't expect
It's hard to imagine that a trade war could turn into a scrap yard fight in Detroit. Yet China is the largest consumer of scrap commodities. And Michigan is a major exporter, generating multimillions of dollars in business when it comes to recycling metals. So when China slapped retaliatory tariffs on aluminum waste and scrap in April, recycling operations, including two deeply-rooted, family-owned businesses in Michigan, found themselves on the front lines of the trade war.
Susan Tompor | Detroit Free Press #scrap #trade
Global MFG - Mar 12, 2018
Trump Signs Metals Tariffs Sparing Some Allies
President Donald Trump kicked his "America First" trade policy into high gear Thursday, launching global tariffs on steel and aluminum, while signaling even more aggressive pressure on trading partners to come, especially against China. In announcing the measures, the president outlined his broader trade agenda, including rewriting existing U.S. pacts and a continuing sweeping investigation of Chinese trade practices, issuing a veiled threat that even bigger penalties are looming against Beijing.
Jacob M. Schlesinger and Rebecca Ballhaus | WSJ #scrap
Iron Castings - Sep 22, 2017
Hurricanes Deliver Shock to Scrap Metal Market
After the string of ferocious hurricanes and an 8.2 magnitude earthquake in southern Mexico, the markets assume that the destruction will produce an abundance of scrap metal that it is ready for collection and recycling. These markets hope the result will be falling prices in expectation of an oversupply. The reality is quite different.
Shelley Goldberg | Bloomberg.com #scrap
Iron Castings - Jul 15, 2013
The Scoop on Scrap
Waupaca Foundry, along with the rest of the industry, is watching several global factors to understand what ferrous scrap demand and pricing will do next.Unfortunately, there is no clear trend other than continued market volatility. As shown above, scrap prices have trended down since mid-2011, but the price swings from month to month are the real points to watch. In just two months' time, scrap prices can drop and then rise by more than $100 per ton.
Tony Lewis | Waupaca Foundry #scrap