Steel Dynamics to build new US rolling mill and two slab remelt plants; MW premium downtrend intensifies

July 19, 2022

US MW PREMIUM ALERT

1. LME price falls 1.5% as range-trading continues to take place within HARBOR’s identified $... per mton range.

2. US ROLLING MILL ALERT. ANOTHER NEW US MILL ANNOUNCED: Steel Dynamics to build a new 650k mtpy rolling mill in the US.

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3. US SLAB ALERT. SLAB BOOM: Steel Dynamics announces... mtpy aluminum slab expansion in North America.

4. RERUN: US MW PREMIUM ALERT. DOWNTREND INTENSIFIES: MW premium gaps down again.

5. GREEN ALUMINUM ALERT. GOING TO THE NEXT LEVEL: Novelis invests in US scrap sorting technology firm Sortera Alloys.

6. China’s aluminum prices pull back toward medium-term technical support.

7. LME Cash–3M contango narrows to single digits amid tighter conditions ahead of August.

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