This summer has been atypical in terms of nonferrous market activity and developments.
Trade issues have featured prominently with the Commerce Department’s 232 investigation of aluminum imports and concerns about retaliatory protectionist measures overseas and in China in particular. ISRI has been active on the trade front, submitting comments on the 232 investigations while keeping members apprised of looming and potential Chinese scrap import bans.
Our Nonferrous Division also remains active and continues to review ISRI’s nonferrous scrap metal specifications to make sure they remain relevant and useful the in today’s rapidly changing global scrap marketplace. Following division approval in April, the ISRI Board of Directors approved new guidance for the nonferrous specifications in July that states “where applicable, heavier prices of any size, length, and weight are acceptable upon mutual agreement by buyer and seller.” (See below for details.) The Nonferrous Division will continue to review our existing specifications and requests for changes from both domestic and overseas market participants. If you know of any specs that need modification, please let us know prior to the convention so we can get it included in our agenda.
The changing global scrap marketplace, evolving market dynamics in China, and the latest trade policy developments look to feature prominently at our upcoming 2017 ISRI Commodities Roundtable Forum to be held in Chicago from September 6-8, 2017. We have a great line-up of speakers and moderators for our nonferrous and trade roundtables this year including Don Smale, Secretary General of the International Metal Study Groups, Jim Lennon from Macquarie Research, Mike Southwood from the CRU Group, Randy Goodman from Greenland America, ISRI’s Adina Renee Adler, and many more. Registration for the Roundtables is now open. I hope to see you in Chicago in September!
ISRI Nonferrous Division Chair