1. LME prices fell after hitting resistance at HARBOR’s $… per mton target zone.
2. EUROPEAN P1020 ALERT. STRONG BULLISH START: Europe P1020 premiums gap up.
3. EUROPE WIRE ROD UPDATE. GAPS UP: European EC rod premium gaps up to 700 euros mton.
4. EUROPEAN BILLET ALERT. UNCHANGED: Spot premiums unchanged; early Q2 billet negotiations pointing to steady premium levels.
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5. US LITHO SCRAP ALERT. MORE DEMAND FOR CUTTER GRADES: Consumers looking for litho scrap units.
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6. MEXICO SCRAP ALERT. DIFFERENT DEMAND TRENDS: Demand for extrusion scrap remains hot, muted for secondary scrap units.
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7. China’s aluminum prices reach HARBOR’s… yuan per mton target zone.
8. ALUMINUM PRODUCTION ALERT. MORE PRODUCTION: Iran increases aluminum production by… k mton y/y and has another …k mtpy on the way.
9. LME Cash–3M contango still tight amid backwardation from March on (unsupportive P1020 spot premiums).
More details in full report.