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US titanium scrap prices remain steady
August 13, 2011 - 21:02 GMT
RTI International Metals
A benchmark titanium scrap price continues to hover around $6 per pound as some buyers wonder how long it will remain in that range amid climbing commercial aerospace backlogs.
This followed another Boeing
auction that closed earlier this month in which sources said
Caledonian Alloys Inc., a Huntington, W.Va., unit of Precision
Castparts Corp. (PCC), was the high bidder on about 41,500
pounds of bulk 6/4 scrap at $5.87 per pound, edging out Mega
Metals, which bid $5.86 per pound, and Monico Alloys, which
offered $5.72 per pound.
The latest Boeing auction kept
bulk weldables in a general band just above and below $6 per
pound, where it’s been for most of the year.
"Our business has been steady
and we haven’t seen much of a summertime
slowdown," a dealer said.
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
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