The United States

The competition of the biggest world’s wire rod producers; Japan defeated Korea

The world’s wire rod market

During the last 10 years, China has promoted its position in the world’s wire rod market and it could increase its own share to 48%. Even so, the high speed of economic growth made more development of China’s share in the global wire rod demands.

China, India, Japan, and South Korea are 4 countries that are considered to be the most important semi-fabricated copper producers that during the last 10 years, on average, have produced near to 55% of the world’s wire rod. Meanwhile, China and India’s shares increased, while the other 2 countries lost their share in this market.

February 24, 2023 Copper

The prominent role of inorganic fluorine compounds and cryolite in the aluminum industry

Global cryolite trade

The export of synthesis cryolite in 2021, is estimated about 110,000 tonnes which Canada with having 21% of market’s share, is known as the biggest cryolite exporter in the world and the USA has got 99% of Canada’s export share so it’s the largest destination for it.

The global import level of synthesis cryolite in 2021 had been about 106,000 tonnes that the share of the USA of this import is about 29% and this turned it into the largest importer and Canada and Mexico is the biggest supplier for these countries.

July 27, 2022 Aluminum

The US lost part of its share in the aluminum scrap trade

The relationship between aluminum prices and scrap trade

Aluminum scrap trade had an upward trend from 2011 to 2020, up by 0.1% every year. The trade volume of scrap is directly related to the aluminum price in the LME. With the growth of aluminum prices, downstream companies are more likely to use secondary ingots produced from scrap.

When the price of aluminum ingots is low, the downstream companies are able to purchase primary ingots, and the scrap trade is reduced in this regard. The largest exports volume of aluminum scrap was from the US, which had a 16.9% share of the market. The scrap price is provided by applying a discount to the aluminum ingot. The biggest discount is related to casting scraps. Due to the export of casting scrap, France exports its aluminum scrap with the biggest discount.

June 13, 2021 Aluminum

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All posts tagged: The United States

The competition of the biggest world’s wire rod producers; Japan defeated Korea

The prominent role of inorganic fluorine compounds and cryolite in the aluminum industry

The US lost part of its share in the aluminum scrap trade

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