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US titanium scrap prices remain steady

August 13, 2011 - 21:02 GMT Location: Los Angeles

KEYWORDS: Titanium Scrap , Boeing , RTI International Metals , Precision Castparts , monico alloys , keywell , mega metals , caledonian alloys

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.

Some have...

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