This edition of the Nonferrous Beat contains a wealth of information about recent developments in China, how those changes have brought the flow of U.S. nonferrous scrap exports to China, the lowest levels in more than a decade, and how primary and secondary commodity markets are reacting to today’s shifting landscape.
Of course, what happens in the commodity markets is beyond the control of scrap processors and brokers. Also beyond our control is the long list of risk factors that currently have investors on edge including the U.S.-China trade war, signs of slower manufacturing and economic growth in China and Europe, Brexit worries, political uncertainty in the United States, and foreign exchange rate volatility, to name just a few.
What scrap market participants can control is how active they choose to be in our industry association. To that end, I strongly encourage you to get involved at ISRI, particularly in ISRI’s Nonferrous Division. Our quarterly division meetings provide ISRI members with the opportunity to share their experiences on everything from Chinese pre-shipment inspections, to transportation bottlenecks, the impacts of hurricanes and other natural disasters on regional scrap markets, safety concerns, and the changing nature of the metals and metal alloys coming through the stream. Participation in the Nonferrous Division also gives you a voice as we prepare for upcoming events such as our 2019 ISRI Convention and Expo in Los Angeles and as we consider changes to our nonferrous scrap specifications.
Given the rapidly changing market conditions in China and around the globe, keeping our ISRI specifications up to date and expanding their usage should be among of our highest priorities. As we know, a global marketplace requires global standards. So get involved with ISRI’s Nonferrous Division to help ensure that our specifications remain the global standards for scrap. Our ISRI Winter Board of Directors meeting will be held in Austin, Texas from January 22-25, 2019 and I hope to see you there. In the meantime, I wish you all a happy, healthy, and safe holiday season!
Nonferrous Division Chair