US aluminium scrap squeezed by rising supply

The US secondary aluminium market came under pressure this week due to reduced mill purchasing activity and increased supplies of some smelter and mill-grade scrap.

Mill-grade aluminium scrap prices showed stability December 1, according to market participants, while price movements for obsolete scrap grades sold to smelters were mixed. "Order books are mostly filled through December,...


This article was first published by AMM

December 03, 2014

01:34 GMT