LME price up w/w; US spot billet upcharge falls to... c/lb; Billet in Europe touches $... per mton

1. LME prices close the week up 1% while latest economic data and field intel confirmed underlying bearish trend.

2. ALERT! – US BILLET. GAP DOWN: US spot billet upcharge reaches... cent/lb, most concluded 2024 business below... cent/lb.

3. ALERT! – EUROPEAN BILLET. DECLINE RESUMES: European billet premium slide reaches $... per mton.

To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.

4. ALERT! – EUROPE MILL-GRADE SCRAP. DELAYED: Annual mill-grade scrap deals late amid poor demand and lack of visibility.

For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.

5. LME Cash-3M contango tightens (bearish premiums).

6. China’s aluminum price continues to face technical resistance.