Alabama Scrap Shredder to Strengthen Outokumpu’s Stainless Recycling Loop

Jefferson Iron & Metal

Alabama scrap shredder investment by Jefferson Iron and Metal Brokerage will create a dedicated scrap processing route inside Outokumpu’s stainless steel mill in Calvert. The $22mn project will support a tighter closed-loop scrap supply system for the Alabama stainless operation.

Alabama scrap shredder capacity is planned at about 9,000 short tons per month. The shredder will process scrap generated at Outokumpu’s mill near Mobile, Alabama, and return the shredded material directly into the plant’s operations.

Alabama scrap shredder development is strategically important because stainless steel mills depend on clean, consistent and efficiently prepared scrap. Better on-site processing can reduce handling costs, improve material control and support higher recycled-content production.

Jefferson Shredding and Recycling, a subsidiary of Alabama-based Jefferson Iron and Metal Brokerage, plans to break ground next month. Operations are expected to begin in August 2027.

On-Site Shredding Improves Scrap Control

The project gives Outokumpu a more direct route for recovering and reusing internal stainless scrap. Instead of moving material through a longer external supply chain, the mill can keep more scrap within its own operating loop.

This matters because stainless scrap contains valuable alloying elements such as chromium, nickel and molybdenum. Preserving those units inside the mill system can improve raw material efficiency and reduce exposure to external alloy and scrap markets.

On-site shredding also supports better quality control. Stainless mills need scrap that is properly sized, separated and prepared for melting. Poorly controlled scrap can create chemistry risk, yield loss and operating inefficiency.

The Jefferson-Outokumpu structure is practical. Jefferson brings scrap processing expertise, while Outokumpu gains a dedicated recycling asset linked directly to its stainless production base.

Closed-Loop Recycling Supports US Stainless Competitiveness

The Calvert mill is one of the most important stainless steel assets in the US. Adding dedicated scrap processing strengthens its ability to compete in a market where recycled content, cost control and supply security are increasingly important.

Stainless steel recycling is already a major advantage for the sector. But the value rises when mills can shorten the route between scrap generation, preparation and remelting.

The project also fits wider trends in US metals manufacturing. Producers are trying to localise feedstock, reduce waste, lower logistics exposure and improve traceability.

For Jefferson, the investment expands its role from scrap broker and recycler into an embedded processing partner for a major stainless producer. For Outokumpu, the shredder improves scrap circularity and gives the mill more control over internal material flows.

The 2027 start-up timeline means the project will not affect near-term stainless supply. But once operational, it should strengthen the Calvert site’s raw material flexibility and recycling efficiency.

The Metalnomist Commentary

The Jefferson-Outokumpu project shows that recycling advantage is increasingly built inside the mill gate. In stainless steel, controlling scrap chemistry, size and flow can be as important as securing primary alloy inputs.

Weda Bay Power Shift Favors Aluminium as Nickel Pig Iron Margins Weaken

Weda Bay

Weda Bay power shift plans could redirect electricity from nickel pig iron smelters toward aluminium production in Indonesia’s Weda Bay Industrial Park. The move shows how power allocation is becoming a strategic production tool when aluminium margins exceed nickel margins.

Weda Bay power shift discussions involve scaling back output at 22 NPI smelting operations in June. Market sources said the power would be redirected to Juwan, the park’s sole operating aluminium facility.

Weda Bay power shift strategy reflects changing metal economics. NPI producers are under pressure from higher nickel ore costs and weaker margins, while aluminium smelters are benefiting from firmer prices and Middle East supply concerns.

Juwan is a joint venture between Tsingshan and Xinfa, with nameplate capacity of 250,000 t/yr. The timing and scale of any NPI production cuts remain unclear.

Aluminium Margins Pull Power Away From NPI

The planned power reallocation highlights the importance of electricity in Indonesian metals production. Both NPI and aluminium smelting are power-intensive, so the most profitable metal can influence where electricity is directed.

Aluminium prices have strengthened because of supply disruption linked to the Middle East. The region accounts for about 9% of global aluminium output, making any disruption significant for global balance.

The LME aluminium cash official price rose to a four-year high of $3,767.50/t on 14 May before closing at $3,636/t on 18 May. These higher prices have improved aluminium smelting margins.

NPI margins are moving in the opposite direction. Rising nickel ore costs and weaker profitability have reduced the incentive to maintain full output at some Indonesian smelters.

This creates a clear commercial logic. If electricity is constrained or strategically controlled, producers may prefer to allocate power toward aluminium rather than lower-margin NPI.

NPI Cuts Could Tighten High-Grade Nickel Units

Any sustained reduction in Weda Bay NPI output could support nickel pig iron prices, especially for higher-grade material. Higher-grade NPI remains important for stainless steel producers that need nickel-rich blending units.

Demand for higher-grade NPI has stayed relatively firm because stainless mills are using more scrap. Greater scrap use can increase the need for higher-nickel inputs to balance melt chemistry.

The situation also shows how Indonesia’s nickel and aluminium industries are becoming increasingly connected through infrastructure. Power, ports, industrial parks and Chinese-backed investment now shape multiple metal supply chains at once.

Tsingshan is also building a new aluminium project at Weda Bay with designed capacity of 800,000 t/yr. The first 400,000 t/yr phase is expected to start by the end of this year or in early 2027.

That expansion could make power allocation even more important. If aluminium capacity grows while NPI margins remain weak, Weda Bay may increasingly prioritise aluminium production over nickel pig iron during periods of electricity constraint.

The Metalnomist Commentary

Weda Bay shows that Indonesia’s industrial parks are becoming flexible metal platforms, not single-commodity hubs. When aluminium margins beat NPI margins, electricity itself becomes the deciding raw material.

Aperam Recycling North America Names Evan Dyal as New Chief Executive

Aperam Recycling

Aperam Recycling North America will move into new leadership on 1 July as Evan Dyal succeeds Chris Niles as chief executive of the company’s regional operations. The appointment places a long-serving ELG Metals USA executive at the head of Aperam’s North American recycling platform.

Aperam Recycling North America is strategically important because stainless steel producers increasingly rely on high-quality scrap flows to manage costs, improve circularity and support lower-carbon production. Leadership continuity matters in a market where scrap sourcing, customer relationships and alloy knowledge are critical.

Dyal is currently general manager of Aperam Recycling’s Mobile, Alabama, location. He has spent more than 18 years with Aperam subsidiary ELG Metals USA, giving him deep operational experience in specialty metals recycling.

Chris Niles will leave the company after 25 years. His departure marks a leadership transition for a business tied closely to stainless steel, nickel-bearing scrap and specialty alloy supply chains.

Leadership Continuity Supports Stainless Scrap Strategy

Aperam’s choice of Dyal signals a preference for internal continuity. Recycling operations depend heavily on supplier networks, material knowledge and disciplined quality control.

This is especially important in stainless steel recycling. Scrap streams can contain nickel, chromium, molybdenum and other valuable alloying elements, making accurate sorting and processing essential.

North American stainless scrap supply remains strategically valuable as mills seek more recycled units and lower-carbon feedstock. Processors that can secure clean, reliable and specification-ready scrap will remain important to stainless producers.

Dyal’s Mobile experience gives him direct exposure to yard operations, logistics, supplier management and customer requirements. That operational background should support Aperam Recycling North America as competition for quality scrap intensifies.

Commercial Role Strengthens Regional Customer Focus

Aperam also promoted Andres Montes to chief commercial officer of North America. Montes currently leads specialty sales for the region.

The appointment adds commercial focus alongside the leadership change. Specialty sales are important because stainless and alloy scrap markets require close coordination between processors, mills, traders and industrial customers.

This matters as recycling becomes more central to metals procurement. Buyers increasingly want traceable scrap supply, reliable chemistry and stable delivery into melt shops.

For Aperam, strengthening North American leadership and commercial coverage supports its broader circular metals strategy. The company’s recycling platform can help secure feedstock, improve value capture and support lower-emission stainless production.

The Metalnomist Commentary

Aperam’s leadership change is small in size but meaningful in direction. Stainless steel recycling is becoming more strategic, and experienced operators with alloy scrap knowledge will matter more as mills compete for cleaner recycled feedstock.

Outokumpu Stainless Steel Deliveries Rise as EU CBAM Supports Local Demand

Outokumpu

Outokumpu stainless steel deliveries rose sharply from the previous quarter after the EU’s carbon border adjustment mechanism began applying to imports at the start of the year. The Finnish stainless steel producer shipped 465,000t in January-March, up 27% from the previous quarter.

Outokumpu stainless steel deliveries were still down 1% from a year earlier, showing that the recovery remains uneven. But the quarterly increase suggests CBAM is starting to shift some demand toward local European production.

Outokumpu stainless steel deliveries are expected to rise by up to 10% in the second quarter. The company is benefiting from European buyers reassessing imports as carbon-related costs begin to affect non-EU supply.

The result highlights the industrial importance of scrap-based stainless steel production. CBAM could improve the competitiveness of lower-carbon European producers if importers face higher carbon costs.

CBAM Gives European Stainless Producers a Demand Tailwind

CBAM imposes a carbon levy on imports from outside the EU. This changes the cost comparison between imported stainless steel and local European material.

For Outokumpu, the mechanism supports demand for European scrap-based stainless production. Scrap-based production generally carries a lower carbon footprint than more emissions-intensive routes.

European stainless shipments reached 324,000t in the first quarter, up 2% from a year earlier. This suggests regional demand held up better than some other markets.

Shipments to the Americas fell by 5% to 148,000t. However, the Americas business still delivered much stronger earnings because of higher average selling prices.

The commercial message is clear. Volume growth is beginning to appear in Europe, but pricing power remains stronger in the Americas.

Ferro-Chrome Volumes Rise but European Margins Weaken

Outokumpu’s ferro-chrome shipments rose by 15.8% year on year to 110,000t. Strong demand in Europe and the US supported the increase.

Ferro-chrome remains essential for stainless steel production because chromium provides corrosion resistance. Higher ferro-chrome shipments therefore show stronger activity across stainless and alloy supply chains.

Group adjusted Ebitda rose by 33% on the year to €65mn. The improvement was driven mainly by the Americas business, where Ebitda climbed to €52mn from €11mn.

But the earnings mix was uneven. Ferro-chrome Ebitda fell by nearly 30% to €30mn, while the European stainless segment posted negative Ebitda of €13mn, down from positive €5mn a year earlier.

Outokumpu attributed weaker European profitability to lower average selling prices and lower fixed-cost absorption. This shows that CBAM may support volumes before it fully restores margins.

The first-quarter result therefore sends a mixed signal. European demand is improving, but pricing and cost absorption still need to recover for the regional stainless business to regain strength.

The Metalnomist Commentary

Outokumpu’s quarter shows that CBAM is beginning to change stainless steel trade behaviour. But the policy’s real test is whether it can improve European producer margins, not only redirect demand toward local supply.

 

CFC Recycling Tennessee Expansion Adds Gallatin Scrapyard and Nonferrous Feedstock

CFC Recycling

CFC Recycling Tennessee expansion has advanced with the acquisition of Goolsby & Sons Recycling, giving the company a third scrapyard in the state. The deal strengthens CFC’s regional collection network and adds a new feedstock source for its nonferrous shredder.

CFC Recycling Tennessee expansion now links the company’s existing scrapyards in Tullahoma and McMinnville with a new site in Gallatin. The acquired location will be temporarily closed for upgrades before reopening in June.

CFC Recycling Tennessee expansion is significant because scrap processors are increasingly competing for reliable regional feedstock. Control over collection points, yard infrastructure and processing routes can determine margins in both ferrous and nonferrous recycling.

Financial details of the acquisition were not disclosed. CFC plans a soft opening on 18 May before fully reopening the Gallatin location in June.

Gallatin Yard Strengthens Regional Scrap Collection

The Goolsby & Sons site gives CFC another physical intake point for scrap in Tennessee. That matters because scrapyard density improves access to local industrial, demolition, commercial and consumer scrap flows.

CFC plans to renovate buildings and equipment at the Gallatin site. It also plans to concrete surfaces, improving yard handling, environmental control and operating efficiency.

These upgrades are practical but important. Better surfaces can reduce contamination, improve traffic flow, support cleaner material handling and help meet customer and regulatory expectations.

The acquisition also gives CFC a stronger footprint in a state with active manufacturing, construction and industrial activity. Regional scrap generation can support steady flows of steel, stainless steel, aluminium and other nonferrous materials.

For smaller recycling networks, yard expansion can create scale advantages. More sites improve sourcing reach, while centralised processing can lift equipment utilisation.

Nonferrous Shredder Feedstock Becomes Strategic

The deal adds a new feedstock source for CFC’s nonferrous shredder. The company operates a 3Tek Bravo 6280 hammer mill shredder used to process stainless steel and aluminium specialty items.

That detail is commercially important. Nonferrous scrap processing can carry higher value than ordinary ferrous scrap when material is sorted, upgraded and delivered into qualified downstream channels.

Aluminium specialty scrap is especially relevant because secondary aluminium demand is growing across automotive, packaging, construction and industrial markets. Processors with better collection and shredding capacity can capture more value from complex scrap streams.

Stainless steel scrap also remains valuable because of its nickel, chromium and molybdenum content. Efficient shredding and separation can improve recoveries and support alloy producers seeking recycled feedstock.

CFC’s acquisition therefore fits a wider industry trend. Scrap companies are not only buying yards for volume. They are building feedstock networks around specific processing equipment and higher-value material streams.

The Gallatin site should help CFC improve sourcing flexibility. Once renovated, it can support local intake while feeding the company’s broader processing platform.

The Metalnomist Commentary

CFC’s acquisition shows that regional scrap control is becoming more strategic as recyclers chase cleaner and higher-value feedstock. The real value of the Gallatin yard will depend on how effectively CFC channels material into its stainless and aluminium specialty shredding operations.

SRG NuCycle Acquisition Adds Low-Copper Shred Capacity in South Carolina

SRG

SRG NuCycle acquisition will expand Southeast Recycling Group’s scrap processing network with an automotive shredder capable of producing low-copper ferrous scrap. The deal strengthens SRG’s position in the southeastern US recycling market.

SRG NuCycle acquisition includes NuCycle’s Rock Hill, South Carolina, operations, its 4,000-horsepower Danieli shredder and auto parts yard Carolina Salvage. The transaction is expected to close later this month.

SRG NuCycle acquisition is strategically important because low-copper shred is increasingly valuable to steelmakers seeking cleaner ferrous feedstock. Better scrap quality supports electric arc furnace steelmaking, improves melt efficiency and reduces contamination risk in higher-grade steel products.

SRG will also gain downstream non-ferrous recovery capability through NuCycle’s existing system. This adds value beyond ferrous scrap by improving recovery of aluminium, copper, stainless and other non-ferrous fractions.

Low-Copper Shredder Strengthens Ferrous Scrap Quality

The acquired shredder is a 4,000-horsepower 80×108-inch Danieli unit. It includes a ballistic separator designed to produce a low-copper ferrous product.

This matters because copper contamination is one of the most important quality issues in ferrous scrap. Residual copper can limit the use of scrap in flat-rolled and higher-quality steel applications.

Low-copper shred gives processors a stronger product for steel mills that need cleaner scrap feedstock. It also helps bridge the quality gap between obsolete scrap and more controlled prime scrap streams.

SRG had previously planned to install a shredder at one of its existing sites. Instead, it chose to acquire an operating shredder platform, which can shorten the path to capacity and customer access.

The addition of Carolina Salvage also improves feedstock control. Auto parts yards can support shredder supply by bringing end-of-life vehicles and related material into the processing chain.

Consolidation Expands SRG’s Southeast Scrap Platform

SRG is also expanding through a separate merger with Morris Scrap Metal of Kings Mountain, North Carolina. Morris Scrap will join SRG as a new partner.

Once the NuCycle and Morris Scrap deals close, SRG will operate seven locations. The combined platform will have capacity of 300,000 gross tons per year of ferrous scrap and 150mn lb per year of non-ferrous scrap.

This scale gives SRG a stronger regional presence in the Carolinas and the broader southeastern US. It also improves collection density, logistics efficiency and customer coverage.

The deals continue SRG’s consolidation strategy after the company was formed last year from the merger of Carolina Metals Group and Spartan Recycling Group.

US scrap markets are becoming more competitive as steelmakers, aluminium producers and recyclers seek better feedstock quality and more reliable supply. Regional processors with shredding, sorting and non-ferrous recovery capacity are better positioned to serve that demand.

SRG’s expansion therefore reflects a wider industrial trend. Scrap recycling is moving from simple volume handling toward quality-controlled feedstock production for steel, aluminium and other metals supply chains.

The Metalnomist Commentary

SRG’s NuCycle deal shows that scrap processing value is shifting toward quality, not just tonnage. Low-copper shred and better non-ferrous recovery will matter more as US mills demand cleaner, more traceable recycled feedstock.

Aperam Stainless Steel Earnings Rise as European Demand Recovers

Aperam

Aperam stainless steel earnings improved in the first quarter as seasonal demand recovered in Europe and average selling prices strengthened. The Luxembourg-based stainless producer reported adjusted Ebitda of €90mn in January-March, up from €67mn in the previous quarter and €86mn a year earlier.

Aperam stainless steel earnings were supported by higher shipments, better utilisation and a more favourable pricing environment. Group shipments rose to 617,000t from 554,000t in the fourth quarter and 575,000t a year earlier.

Aperam stainless steel earnings also benefited from the company’s diversified business model. Stainless and electrical steel, services, alloys, recycling and downstream activities all contributed to a stronger start to the year.

The company described the result as its best first quarter in three years. It expects second-quarter adjusted Ebitda to be significantly higher if metal and product prices remain near current levels.

Stainless and Electrical Steel Recover From Late-2025 Weakness

Aperam’s stainless and electrical steel division showed the clearest improvement. Adjusted Ebitda rose to €35mn from €11mn in the fourth quarter and €28mn a year earlier.

Segment shipments increased by 3.6% from the previous quarter to 430,000t. European demand improved seasonally, although Brazilian shipments were lower.

Average steel selling prices rose by 10.3% from the fourth quarter to €2,200/t. Prices remained below the €2,417/t recorded a year earlier, but the quarterly increase helped restore margins.

The improvement suggests European stainless markets are recovering from a difficult end to 2025. Low capacity utilisation, import pressure and subdued consumption had weighed on producer earnings.

Higher utilisation helped the division in the first quarter. Positive valuation effects also supported earnings, showing how pricing momentum can lift stainless producers when inventories and product values move favourably.

Aperam’s outlook also reflects a stronger European trade policy backdrop. Trade defence regulation could give domestic producers more protection against import pressure, especially if demand continues to recover.

Downstream Services, Alloys and Recycling Strengthen the Value Chain

Aperam’s services and solutions segment also improved. Adjusted Ebitda rose to €20mn from €7mn in the fourth quarter and €13mn a year earlier.

Shipments increased to 191,000t from 159,000t in the previous quarter. Average selling prices rose by 3.7% to €2,733/t, reflecting better downstream demand.

The alloys and specialties division generated adjusted Ebitda of €27mn. This was higher than €22mn in the fourth quarter, although slightly below the €29mn reported a year earlier.

Shipments in alloys and specialties were stable at 16,000t. Average selling prices declined by 3.1% to €15,846/t, but seasonal demand helped offset higher maintenance costs.

Aperam strengthened this higher-value position after the quarter by acquiring Magnetec Group. The acquisition adds nanocrystalline soft magnetic components and expands the company’s reach into electrical engineering and electronics markets.

The recycling and renewables segment showed higher activity but lower earnings. Shipments rose by 23% to 357,000t, while sales increased to €431mn.

Adjusted Ebitda in recycling and renewables fell to €23mn from €32mn. The fourth quarter had benefited from unusually strong year-end valuation effects, making the comparison difficult.

The recycling business remains strategically important. Aperam’s scrap integration gives it some protection against volatility in nickel, ferro-alloys and stainless scrap prices.

This matters because stainless steel production depends heavily on raw material cost control. Integrated scrap flows can improve flexibility when alloying metals and scrap markets become volatile.

Aperam’s first-quarter result therefore points to more than a cyclical recovery. It shows that stainless producers with downstream services, alloy exposure and recycling integration can defend earnings better when European demand improves.

The Metalnomist Commentary

Aperam’s first quarter shows that European stainless steel is recovering, but not evenly. The strongest signal is the value-chain effect: producers with scrap integration, downstream services and specialty alloy exposure are better placed than those relying only on commodity stainless volumes.

GLE Alloys Stainless Nickel Yard to Open in Pennsylvania in May

GLE Scrap Metal

GLE Alloys stainless nickel yard development will give GLE Scrap Metal a dedicated platform for stainless steel and nickel processing in Pennsylvania. The full-service recycler plans to open the new non-ferrous yard in May through its newly created subsidiary, GLE Alloys.

The GLE Alloys stainless nickel yard is being built on 10 acres along the Monongahela River in Braddock. The site will include a dock for bulk barge loading, rail access, and about 80,000ft² of warehouse space.

The GLE Alloys stainless nickel yard strengthens GLE’s position in higher-value alloy scrap. Stainless steel and nickel scrap require more specialized sorting, handling, chemistry control, and logistics than ordinary ferrous scrap, making the new facility strategically relevant for mills, processors, and alloy consumers.

River, Rail and Warehouse Access Strengthen Scrap Logistics

The Braddock site’s logistics infrastructure is central to the project’s value. Barge loading on the Monongahela River gives GLE Alloys access to bulk movement, while rail access improves shipment flexibility for larger volumes.

The warehouse space also supports better material control. Stainless and nickel scrap often need segregation by grade, alloy family, and chemistry before shipment to consumers.

Braddock’s industrial location adds further relevance. The area is also home to US Steel’s Mon Valley blast furnace operations, placing GLE Alloys inside a long-established metals corridor with existing industrial infrastructure.

GLE Expands Beyond Regional Recycling Into Alloy Processing

GLE Scrap Metal already operates six recycling facilities in Florida and Michigan. The company also runs a copper wire processing plant in Ocoee, Florida, and has an aluminum wire and URD wire processing facility through sister company Mallin Companies in Kansas City.

The creation of GLE Alloys shows a more focused move into specialty scrap. Stainless steel and nickel-bearing materials are tied to stainless mills, superalloy producers, foundries, aerospace supply chains, energy equipment, and industrial manufacturing.

GLE has appointed James Merrills as commercial director and Tom Kaikis as operations director for the new subsidiary. Their stainless and nickel experience should support customer development, material sourcing, and operational discipline as the facility ramps up.

The Metalnomist Commentary

GLE’s Braddock investment shows that alloy scrap is becoming a more specialized and logistics-driven business. As nickel and stainless supply chains look for reliable secondary feedstock, yards with chemistry control, storage capacity, and multimodal transport will gain strategic value.

US Stainless Steel Surcharges Fall as Scrap Processor Margins Tighten

Stainless Steel scrap

US stainless steel surcharges fell for many finished flat and bar products in April, putting fresh pressure on stainless scrap processors. North American Stainless, Outokumpu, ATI, and Marcegaglia lowered several published surcharges, reducing the ability of processors to pass higher scrap costs through to consumers.

US stainless steel surcharges for 301 and 304 flat-rolled coil declined by 0.5-1.6¢/lb compared with March. The move came despite a sharp rise in processor 304 scrap solids prices since the start of the year.

US stainless steel surcharges therefore created a margin squeeze across the scrap-processing chain. Processors said mill scrap demand had not changed much, while consumer prices had failed to rise enough to offset higher buying competition for stainless scrap.

304 Stainless Scrap Prices Rise While Mill Surcharges Ease

Supply competition pushed processor 304 scrap solids prices up by 13.5¢/lb since the beginning of the year. However, lower April surcharges made it harder for processors to lift selling prices and protect margins.

NAS, Outokumpu, and ATI reduced April surcharges for 301 and 304 flat-rolled coil. Although 304 flat-rolled surcharges remained 13-15¢/lb higher than a year earlier, the latest monthly decline weakened near-term pricing momentum.

Stainless bar products also moved lower in several categories. NAS and Marcegaglia reduced 303, 304, and 17-4 bar surcharges by 1¢/lb, while Marcegaglia’s 15-5 bar surcharge dropped by 10¢/lb. Marcegaglia also lowered its 416 bar surcharge by 0.5¢/lb, although NAS raised its 416 surcharge by 0.5¢/lb.

316 Stainless Scrap Holds Better on Molybdenum Support

The 316 stainless market showed more resilience because elevated molybdenum prices continued to support alloy surcharges. Flat-rolled 316 surcharges rose by 0.1-1¢/lb in April and have increased by 30-31¢/lb since the start of the year.

Delivered processor 316 solids prices rose by 11¢/lb over the same period. The smaller-volume 316 scrap market remained firmer than 304 because molybdenum-bearing scrap supply is tighter and more directly linked to alloy input costs.

The short-term outlook remains cautious. One processor said May demand could slow from April, suggesting that stainless scrap prices may face resistance if mills reduce buying or if finished stainless demand weakens.

The Metalnomist Commentary

The US stainless market is showing a classic margin conflict between scrap processors and mills. Scrap costs have risen sharply, but lower surcharges weaken processors’ ability to recover those costs unless mill demand strengthens again.

European Stainless Steel Scrap Prices Rise on Stronger Mill Demand

Stainless Steel Scrap

European stainless steel scrap prices continued to rise this week as stronger mill demand and firmer downstream stainless steel prices supported the market. Both 304 and 316 stainless scrap grades moved higher on a week-on-week basis, reflecting tighter availability and improved buying interest.

European stainless steel scrap prices gained as mills returned to the market more actively for near-term production needs. The 304 stainless scrap solids cif Rotterdam assessment rose to €1,280-1,300/t, compared with €1,250-1,300/t the previous week.

European stainless steel scrap prices also benefited from stronger sentiment in finished stainless steel markets. Traders reported steady enquiries, higher bid levels, and better liquidity as producers moved to secure feedstock.

304 Stainless Scrap Gains as Mills Secure Feedstock

The 304 stainless scrap market strengthened as sustained buying interest pushed the lower end of the price range higher. Sellers were able to achieve improved prices, especially where prompt material was available.

Mill demand remained firm after the previous week’s sharp increase. Producers continued to procure scrap for near-term stainless steel production, creating a more competitive buying environment.

The rise in downstream flat stainless steel prices was a key driver. Stronger finished product pricing encouraged mills to step up scrap purchases after a period of more cautious buying.

316 Scrap Tightens on Limited Molybdenum-Bearing Supply

The 316 stainless scrap market also moved higher, with solids cif Rotterdam rising to €2,300-2,350/t from €2,280-2,330/t. The increase reflected tight availability of molybdenum-bearing scrap and steady mill purchasing interest.

Supply remained limited as some sellers held back material in expectation of further price gains. Others reported reduced availability of prompt tonnage, adding support to the market.

The tighter supply-demand balance strengthened pricing momentum across the stainless scrap complex. If downstream stainless steel prices remain firm, mills may continue to support higher scrap levels.

The Metalnomist Commentary

The stainless scrap market is showing how quickly feedstock prices can respond when mills regain confidence. The key risk is whether stronger finished stainless prices can hold long enough to sustain this buying cycle.

India Stainless Steel Fuel Crunch Forces Jindal Stainless to Reduce Operations

Jindal Stainless

India stainless steel fuel crunch is now directly cutting production at Jindal Stainless, the country’s largest stainless steel producer. The company has begun operating its plants at reduced capacity as Middle East tensions disrupt fuel availability and global shipping routes.

The pressure is centered on critical industrial fuels and gases used across stainless steelmaking. Propane, LPG, and natural gas supplies have tightened after disruptions around the Strait of Hormuz, creating a direct operational risk for Indian mills.

Jindal Stainless said limited fuel availability has affected several manufacturing processes and forced the company to rationalise operations. The India stainless steel fuel crunch is also raising the risk of shipment delays for customers.

Stainless Steel Mills Face Higher Fuel Exposure Than Carbon Steel Producers

Stainless steel producers face a different energy risk profile from conventional carbon steel plants. Blast furnace-based steelmakers can use internally generated gases from coke ovens and blast furnaces, while scrap-based stainless steel routes depend more heavily on external fuel supply.

This structural difference is now becoming a competitive and operational weakness. When LPG, propane, or piped natural gas supplies tighten, stainless steel mills have fewer internal alternatives to maintain stable production.

Jindal Stainless has around 3 million tonnes per year of production capacity and plans to expand to 4.2 million tonnes per year in April 2026-March 2027. However, the current fuel disruption shows that capacity growth depends not only on demand and investment, but also on reliable energy logistics.

Fuel Allocation Becomes a Strategic Issue for Indian Industry

India’s fuel allocation policy is adding another layer of pressure. The government has diverted part of natural gas supply away from industry to prioritise household consumption, leaving manufacturers exposed to tighter industrial supply.

Jindal Stainless said clear guidance on propane, LPG, and natural gas allocation will be essential for stainless steel producers. Stable fuel supply is now necessary for mills to plan production, manage customer commitments, and avoid deeper disruptions.

The broader Indian stainless steel sector is also feeling the strain. Small and mid-sized mills, particularly in regions such as Gujarat, are cutting output as LNG shortages deepen. Mills reliant on LPG or piped natural gas face the most severe constraints.

The India stainless steel fuel crunch could therefore become more than a temporary supply issue. If fuel availability does not stabilise, temporary shutdowns may follow across parts of the sector, tightening stainless supply and delaying deliveries to downstream manufacturers.

The Metalnomist Commentary

India’s stainless steel sector is showing how energy security can become an industrial competitiveness issue. Scrap-based steelmaking supports decarbonisation, but it still needs stable external fuel systems to remain reliable at scale.

Outokumpu Pushes for Tighter EU Steel Safeguards

Outokumpu

Outokumpu is putting EU steel safeguards at the centre of Europe’s industrial and climate debate. The Finnish stainless producer argues that current EU steel safeguards are too weak in the face of Asian overcapacity, diverted imports and sluggish European demand. As a result, Outokumpu says stronger EU steel safeguards are now essential to protect strategic supply chains and the business case for green steel investment.

Outokumpu links safeguards to decarbonisation and strategic autonomy

Outokumpu warns that Europe faces a surge of low-priced Asian stainless imports just as demand remains weak. The company argues that US tariffs of 50pc on steel are pushing excess volumes away from the US and into the EU market. Therefore, it believes new EU steel safeguards must prevent Europe from becoming a dumping ground for surplus Asian stainless steel. The company frames stronger safeguards as vital for mobility, infrastructure, defence and clean-tech value chains.

Outokumpu also connects trade defence directly to climate policy and low-carbon steel investment. It highlights its own stainless footprint of 1.6kg CO₂e/kg, versus a global average near 7kg CO₂e/kg. That advantage relies on high scrap usage and low-carbon power, which also increase production costs. Without tougher EU steel safeguards, Outokumpu argues, higher-emission Asian material will undercut European producers and undermine decarbonisation.

A blueprint for stricter quotas and carbon-aware trade rules

Outokumpu has tabled a detailed proposal for the next safeguard regime after 2026. It wants global tariff-rate quotas with strict per-country limits based on low-demand years such as 2012-13. Under its plan, imports above quota would face a 50pc tariff, with origin defined by melt-and-pour to block circumvention. It also opposes any quota carry-over, which can create import surges at quarter-end and destabilise prices.

The company calls for regular reviews of quota levels and tariffs, plus an emergency mechanism for sudden demand shocks. That mechanism would allow the EU to react if steel demand rebounds or if geopolitical events reshape trade flows. Outokumpu says the goal is to restore sustainable capacity utilisation and profitability for European mills. It stresses that, if Asian production displaces European output, Europe’s carbon footprint will rise and valuable stainless scrap will remain under-used.

Outokumpu further warns of growing strategic dependence on Indonesia and China if Brussels fails to act. In its view, weaker safeguards risk eroding European melting capacity and hollowing out the region’s stainless value chain. That would leave downstream manufacturers more exposed to external shocks and politically driven export restrictions. Stronger EU steel safeguards, the company argues, are therefore not only about prices, but also about security of supply.

The Metalnomist Commentary

Outokumpu’s intervention shows how trade defence, scrap utilisation and decarbonisation are now tightly interconnected in stainless steel. Brussels will need to balance open markets with credible protection for low-carbon producers if it wants green steel investment to continue. How the next safeguard package is designed will shape Europe’s stainless landscape – and its climate credentials – for the next decade.

BIR Conference Bangkok Recycling Industry signals Asia’s circular shift

2025 BIR(Bureau of International Recycling)

The BIR(Bureau of International Recycling) Conference Bangkok Recycling Industry gathered global stakeholders across the value chain. The forum covered ferrous, non-ferrous, and specialty metals in depth. The BIR Conference Bangkok Recycling Industry highlighted circular economy execution, not slogans. Therefore, participants focused on infrastructure, technology, and market standards. Meanwhile, BIR’s scale—1.5 million professionals and USD 160 billion—framed the agenda.

The BIR Conference Bangkok Recycling Industry underscored Asia-Pacific’s accelerating demand. Hosting in Bangkok reflected trade gravity tilting toward Asian hubs. As a result, discussions centered on capacity build-out and logistics reliability. Attendees examined traceability, quality assurance, and ESG disclosure. Moreover, members emphasized data for financing and cross-border compliance.

2025 BIR(Bureau of International Recycling)

Ferrous and non-ferrous flows anchor the circular backbone

Ferrous scrap now supplies over 30% of global steel output. EAF adoption increases scrap intensity and resilience. Therefore, ferrous scrap became a strategic raw material. Asia remains the largest import market for ferrous scrap. Korea, Japan, and Taiwan anchor steady tonnage. However, India’s fast-rising demand drew strong attention this year.

Non-ferrous recycling accelerates stainless steel’s circular economy. Over 70% of stainless production uses recycled feedstock today. Consequently, 300-series stainless scrap commands a nickel-driven premium. Copper, aluminum, and zinc recycling rates keep climbing. Meanwhile, EV batteries and e-waste create new metal pools. Processors target dismantling, black-mass recovery, and closed-loop contracts. As a result, service models expand beyond commodity trading.

2025 BIR(Bureau of International Recycling)

Specialty metals scale: Titanium and Nickel Superalloys

Specialty metals advanced from niche to priority. Titanium scrap offsets costly primary sponge and ingot. Proper sorting enables aircraft, reactor, and implant routes. Clean grades often trade at several thousand dollars per ton. Therefore, certification and segregation matter for aerospace and medical uses.

Nickel-based superalloy scrap rose with aerospace growth. Inconel and Hastelloy streams typically exceed 50% nickel. Refiners upgrade these into new superalloy melts. Moreover, chromium, molybdenum, and cobalt increase strategic value. As a result, secure collection and refining capacity became focal. Asia is emerging as the center for scale and skills.

The Metalnomist Commentary

BIR Bangkok confirmed recycling as core supply-chain strategy. Expect capital to target high-purity sorting, verified traceability, and melt capacity. Asian hubs that certify quality fastest will capture premium flows.

DongA Special Metal Begins Mass Production of High-Purity Ferro-Titanium

DongA Special Metal - Fe-Ti(Ferro-Titanium)

Korean firm pioneers domestic supply of advanced ferroalloy using titanium scrap and sustainable refining technology

Strategic Entry into the Ferroalloy Market

DongA Special Metal, a South Korean metallurgy company, has launched commercial-scale production of high-purity, high-quality ferro-titanium, marking a strategic entry into the global ferroalloy market. Ferro-titanium — an alloy of iron and titanium — is a vital material in steelmaking, where it serves as a powerful deoxidizer and cleanser, especially for high-grade steels, stainless steel, and special alloys. Despite growing demand, Asia has long relied on imports from Japan and China, with no domestic mass-production capacity — until now.

Closed-Loop Scrap Recycling and Custom Alloy Precision

DongA’s breakthrough lies in its ability to produce ferro-titanium using recycled industrial titanium scrap, implementing a proprietary refining process that ensures strict impurity control and customizable titanium content. The firm’s production allows titanium content to be adjusted between 30–75%, with tailored particle sizes and distribution, offering superior quality consistency over traditional suppliers. “The key differentiator is stable quality with adaptable specs. That’s our competitive edge,” said Vice President Jae-Ie Jang in an interview with The Metalnomist.

Powder-Grade Product for Core Wire Export

Beyond ingot forms, DongA also produces ferro-titanium powder for cored wire applications, used to inject precise Ti content into molten steel. Due to stringent quality requirements in powder metallurgy, any inconsistencies would render the material unusable — yet DongA's product has earned international recognition and is now being exported abroad. In applications like aerospace, defense, and high-temperature industrial components, ferro-titanium ensures both performance and durability under extreme conditions.

From Domestic Substitution to Industrial Security

By securing ISO quality and environmental certifications, DongA aims to align its products with global standards, reinforcing Korea’s self-sufficiency in strategic materials. Amid increasing global supply chain risks — including recent tariff tensions led by the Trump administration — the localization of key inputs like ferro-titanium is emerging as a national competitiveness issue. DongA’s model of resource circulation and material independence could soon become a blueprint for Korea’s broader industrial resilience.

The Metalnomist Commentary

DongA Special Metal's entry into the ferro-titanium space is more than market diversification — it's a national-level materials strategy. With advanced purification technology, recycling innovation, and precision metallurgy, the firm not only reduces reliance on imports but also sets the stage for Korean alloys to lead in critical sectors like aerospace, defense, and next-gen steelmaking.

Aperam's Stainless Steel Shipments Dip Year-on-Year, But Q4 Sees Signs of Recovery

Aperam's

Boosted by Demand in Europe and Brazil, Aperam Reports Strong EBITDA Growth Despite Ongoing Market Challenges

Global stainless steel producer Aperam saw a year-on-year decline in stainless and electrical steel shipments during the fourth quarter of 2024, despite a modest rebound compared to the previous quarter. The Luxembourg-based company attributed the downturn to a sharp demand contraction, particularly in Europe. However, renewed momentum in Brazil and slight improvements across the European market contributed to a quarterly increase.

In Q4 2024, stainless and electrical steel shipments dropped by 1.5% year-on-year to 401,000 tonnes. Yet, on a quarter-over-quarter basis, shipments increased by 2.56%, reflecting a gradual stabilization of regional markets. On a full-year basis, Aperam delivered 1.626 million tonnes—up 4.9% from 2023—largely due to the prior year’s low shipment levels caused by distributor destocking.

Earnings Surge Despite Steel Segment Decline

Aperam’s adjusted EBITDA for the stainless and electrical steel segment jumped to €42 million in Q4, a significant turnaround from a €34 million loss in the same quarter of 2023. The full-year revenue nearly doubled, rising from €92 million in 2023 to €175 million in 2024. This signals the company's improved cost controls and efficiency, especially amid challenging market dynamics.

Shipments from the Services & Solutions segment also rose, increasing 9% year-on-year to 169,000 tonnes in Q4. Meanwhile, Alloys & Specialties held steady at 10,000 tonnes. In contrast, the Recycling & Renewables division, which includes ELG and Aperam BioEnergia, saw scrap metal shipments fall 7.4% year-on-year to 312,000 tonnes in Q4. Nevertheless, the segment recorded a 6.63% gain over the full year, reaching 1.464 million tonnes.

Outlook Clouded by Consolidation and Debt

Aperam’s overall adjusted EBITDA more than doubled in the fourth quarter to €116 million, buoyed by a record performance in its Alloys segment and solid results from its Recycling & Renewables division. Despite this, the company has warned that first-quarter 2025 EBITDA is expected to be lower. Additionally, the recent consolidation of Universal Stainless & Alloy Products is anticipated to increase net financial debt significantly.

As the metals industry navigates fluctuating demand and supply chain adjustments, Aperam's diversified operations and strategic acquisitions position it to adapt, although short-term pressures remain.

Overcoming High Tariffs through Titanium Recycling Materials

DongA Special Metal (DASM) Homepage

Reducing Costs by Using Titanium Scrap in the Age of High Tariffs

Since Donald Trump's election, the world has entered an era of high tariffs. In response to recent U.S. tariff policies, global companies have faced significant challenges in sourcing raw materials. This is especially true in the steel industry, which is struggling due to the influx of low-priced Chinese products. Companies in this sector are working tirelessly to secure materials and reduce costs in various ways.

The tariffs on Chinese materials have further diminished the competitiveness of U.S. companies in the domestic market. In addition, a predicted global industrial slowdown adds to the challenges. To remain competitive, companies must prioritize cost reduction. However, finding viable alternatives in this high-tariff era remains a struggle.

The situation is different in the specialty steel sector. Unlike common materials such as iron, stainless steel, and copper, which are largely controlled by China, the use of scrap offers limited cost savings in these areas. However, specialty alloys like nickel and titanium provide a significant opportunity for cost reduction. By using scrap materials in the production of these alloys, companies can achieve a 15-20% reduction in costs, making it a highly effective strategy for cutting expenses.

Scrap → Feedstock

Global Companies and the Shift Toward Scrap Use

Despite these benefits, the use of scrap in the specialty alloys sector remains relatively low, with only a few companies with advanced technology utilizing it. The main reason for this is a lack of understanding of its practical benefits. Integrating scrap into the production process can lead to substantial improvements in efficiency and simplification of operations, which naturally reduces costs. However, many companies fail to recognize these advantages, often due to a lack of experience.

To truly cut costs, increasing scrap usage is crucial. Additionally, the tariff situation has so far spared scrap materials from high taxes, making their use even more attractive. The growing need for scrap is becoming increasingly apparent as industries look for ways to cut costs and avoid tariff impacts. This raises the question: where can companies source specialty metal scrap?

South Korea Sees the Rise of a Scrap Specialization Recycling Company

To address these challenges, a specialty metal recycling company based in South Korea(DongA Special Metal) has developed technology to enhance scrap usage. This company has been recycling specialty alloys such as nickel, titanium, and zirconium for years, producing titanium sponge substitutes and feedstock for export to global markets. They offer a comprehensive service that includes advising on scrap alloy usage and ensuring that the final product meets industry standards.

Ti Sponge VS Ti Cobble

The company has particularly focused on titanium, a material known for its strength and elasticity. They break down titanium and process it into titanium sponge substitutes. This method not only makes titanium more affordable but also reduces the carbon emissions associated with titanium sponge production, which has become a significant concern in the metals industry. This innovation addresses both cost reduction and environmental challenges, making it an ideal solution for companies aiming to enter the U.S. market in the high-tariff era.

In recent years, the U.S. has increasingly turned to scrap use in the metals industry. In 2021, all U.S. titanium sponge plants were shut down due to environmental concerns, and the country now relies entirely on imports. As the use of scrap and alloys continues to grow, it’s clear that companies looking to stay competitive must address material sourcing challenges to succeed in the future.

DongA Special Metal Scrap Recycling Process

India’s JSL Proposes Zero Import Duty on Critical Raw Materials to Strengthen Domestic Steel Industry

Jindal Stainless Steel

Jindal Stainless Steel Calls for Reduced Import Duties on Molybdenum and Other Key Materials

Jindal Stainless Steel (JSL), a major Indian steelmaker, has proposed that the Indian government eliminate import duties on essential raw materials like molybdenum ore. Currently, ferro-molybdenum imports face a 5% duty. The proposal, made by JSL’s managing director, Abhyuday Jindal, comes ahead of India’s budget announcement on February 1 for the 2025-2026 fiscal year. Along with molybdenum ore, JSL recommends maintaining zero duties on other materials such as pure nickel, ferro-nickel, stainless steel scrap, and mild steel.

Boosting India’s Infrastructure and Stainless Steel Production

JSL’s proposal also calls for continued government focus on infrastructure spending, particularly in areas like inland waterways, rail infrastructure, and coastal shipping. This, Jindal argues, will support the stainless steel industry by improving operational efficiency and ensuring competitive raw material prices. Additionally, the Indian Stainless Steel Development Association (ISSDA) supports reducing customs duties on graphite electrodes and charge chrome to zero, which would further enhance industry operations.

However, to protect against cheap stainless steel imports, JSL suggests raising the basic customs duty on stainless steel products to 15% for countries outside of free trade agreements. This measure, JSL believes, would safeguard India’s domestic stainless steel market and contribute to the country’s Viksit Bharat 2047 vision.

ELG Utica Alloys CEO Carsten Becker Resigns After Seven Years

ELG Utica Alloys

COO Nils von Stromberg Steps in as Interim CEO

ELG Utica Alloys, a global leader in specialty metal scrap processing, has announced the resignation of CEO Carsten Becker after seven years in the role. Becker officially stepped down in December 2024 to explore new opportunities outside the company, as confirmed in an official social media statement.

Leadership Transition at ELG Utica Alloys

Following Becker’s departure, Chief Operating Officer (COO) Nils von Stromberg has taken over as interim CEO. The company has not disclosed details regarding the search for a permanent successor or the timeline for appointing a new chief executive officer. This transition marks a significant shift for the organization, which plays a crucial role in the global supply chain for high-performance recycled metals.

ELG Utica Alloys and Aperam’s Market Influence

ELG Utica Alloys, a subsidiary of Aperam, specializes in processing high-value metal scrap, including nickel-based superalloys, titanium, and cobalt alloys. Its parent company, Aperam, is a Luxembourg-based specialty metal producer with a strong global presence in stainless steel and high-performance alloys.

This leadership change occurs amid increasing demand for recycled and high-grade specialty metals across industries such as aerospace, energy, and advanced manufacturing. As businesses prioritize sustainability and supply chain resilience, ELG Utica Alloys remains committed to delivering high-quality metal recycling solutions for its international customer base.

The company has yet to release further information on its long-term leadership strategy. However, its continued focus on innovation, sustainability, and high-performance metal processing will be critical in maintaining its competitive edge in the global market.

Venture Metals Expands US Footprint with Strategic Acquisitions

Venture Metals

Acquisition of Thalheimer Bros and Mega Metals Bolsters Nonferrous Capabilities

Venture Metals has acquired Thalheimer Brothers and its subsidiary, Mega Metals. This strategic move significantly expands Venture's nonferrous recycling operations. The acquisitions add processing facilities in Philadelphia, Pennsylvania, and Phoenix, Arizona. These locations complement Venture's existing plants in Texas, Illinois, and South Korea. Mega Metals, specializing in titanium scrap, brings a critical new capability. 

This acquisition includes titanium 6-4 turnings, approved for aerospace reuse. Thalheimer Brothers strengthens Venture's position in stainless steel, copper, and aluminum recycling. They also handle nickel-based alloys and high-temperature metals. Rich Reiner will continue as CEO of both Thalheimer and Mega. Venture Metals aims to enhance its market presence in the US.

Titanium Expertise and Market Expansion

Mega Metals' focus on titanium scrap is a key asset. They are approved to handle titanium 6-4 turnings for aerospace. This includes 6-4 bulk weldable and 6-4 feedstock. They also process "ferrous" grades for ferro-titanium production. This serves both US and European markets. This expansion signifies Venture Metals' commitment to specialized metal recycling.

Outokumpu Issues Profit Warning Amid Stainless Steel Market Weakness

Outokumpu

Finland-based stainless steel producer Outokumpu has issued a profit warning, revising its guidance for the fourth quarter due to a combination of challenging market conditions, operational setbacks, and falling raw material prices. The company now anticipates its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q4 to be significantly below the €86 million ($90 million) recorded in the third quarter.

Outokumpu cited multiple factors contributing to the revision, including:

• Prolonged maintenance at its Tornio plant in Finland, which exceeded initial expectations of a €10 million impact.

• Weakened stainless steel market conditions, reflecting sluggish demand across the European value chain.

• Negative inventory valuation effects, driven by plummeting stainless steel and scrap prices.

The company hinted that Q4 adjusted EBITDA could approach breakeven levels or even turn negative due to these compounded challenges.

European Stainless Steel Market Pressures Intensify

The European stainless steel market is facing significant headwinds, with demand declining across the value chain. Falling raw material prices and broader economic uncertainties have exacerbated the situation. The Supermetalprice assessment for stainless steel 304 cold-rolled 2mm sheet delivered to northwest Europe has dropped nearly 15% since Q2, averaging €2,550/t. Similarly, stainless steel scrap 304 (18-8) solids cif Rotterdam has seen a sharp 21% decline, averaging €1,155/t.

Outokumpu’s stainless steel deliveries in Q4 are expected to decrease by 0-10% compared to Q3, with the company now expecting shipments to hit the lower end of the range. Total stainless steel shipments fell by 2.23% year-on-year to 459,000 tonnes in Q3, reflecting broader market stagnation.

These conditions have forced Outokumpu to reassess its operational strategies, while other producers in Europe are similarly reducing capacities to address supply and demand imbalances.

Looking Ahead

Outokumpu’s profit warning highlights the broader challenges facing the European stainless steel industry. Demand-side struggles, coupled with falling prices for raw materials and finished goods, are reshaping market dynamics. As Outokumpu navigates through these turbulent times, the focus will remain on mitigating operational inefficiencies while anticipating potential recovery in global demand for stainless steel.