Some US smelter-grade scrap prices tick higher

Some secondary aluminium scrap prices have nudged higher in the United States due to stiff domestic competition and pockets of slower inbound flows, while those for mill-grade product slipped due to declines on the London Metal Exchange and sparse spot buying activity.

Prices for clean dry high-grade turnings and clean dry mixed-grade turnings each rose by 1 cent per lb on the upper end of the range on Thursday January 18, while non-ferrous auto shred (twitch) prices gained 1 cent on the low end and aluminium-copper radiators stepped up by a penny overall, according to American Metal Market’s latest assessment.

“Scrap is flowing but it’s slow. We spoke with scrapyards and they have said it’s not coming in fast enough, so they’re not getting enough...

Published

Bradley MacAulay

February 05, 2018

01:45 GMT

Pittsburgh