US aluminium scrap prices hold mostly steady

Aluminum scrap markets in the United States were slightly mixed over the past week; some mill-grade aluminium scrap prices inched higher following gains on the London Metal Exchange, while smelter-grade prices maintained a steady footing.

Most mill-grade aluminium scrap prices logged a 1-cent-per-lb increase - with the exception of 5052 segregated low-copper clips, which remained unchanged, according to American Metal Market's latest assessment.

The LME's three-month aluminium contract closed the official session at $2,258 per tonne ($1.024 per lb) on Monday January 29, up 0.78% from $2,240.50 per tonne ($1.016 per lb) on Thursday January 25. The contract retreated to $2,226 per tonne ($1.01 per lb) on Tuesday...


Bradley MacAulay

January 31, 2018

02:21 GMT