Al, steel scrap prices surge in Europe amid auto issues

摘要

Prices for both new steel and aluminium scrap materials continued to rise across the United Kingdom and Europe in the week to Friday July 16, amid further manufacturing disruptions causing the global scrap supply deficit to worsen. Manufacturing shutdowns and automotive supply chain halts - and increased demand for aluminium products, which are commanding record-high premiums - have created a huge imbalance in market fundamentals across Europe, in turn raising the price for the scrap that is available.