United States Hot-Rolled Coil
- US Midwest HRC remained around $1,222 per short ton.
- West Coast HRC reached approximately $1,250 per short ton.
- Limited spot availability and planned mill outages supported prices.
- Buyers considered imports but remained concerned about tariffs and long delivery periods.
United States Ferrous Scrap Exports
- US HMS was sold to Turkey at $390/t CFR.
- Shredded and bonus grades were sold at $410/t CFR.
- Higher freight and improving Turkish rebar prices supported export values.
United States Copper
- Large volumes of refined copper moved into the US because of possible tariff changes.
- These movements tightened availability in Europe and other markets.
- US-held exchange inventories represented a large share of global visible stocks.
United States Aluminum and Nickel Scrap
- Aluminium and nickel scrap markets were generally rangebound after the Labor Day holiday.
- Consumer inventories were relatively full, limiting spot purchases.
Canada and United States — Steel and Aluminium Tariffs
- Canada imposed 50% retaliatory tariffs on certain US steel and aluminium products.
- Canadian aluminium was reportedly being held back from the market.
- Tariff uncertainty affected cross-border steel purchasing and European aluminium premiums.
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