Some US secondary aluminium alloy prices step higher

Some secondary aluminium alloy prices have continued to move higher in the United States due to lingering raw material cost pressures and tight supply, although a cooling off in the terminal markets is eroding some of the upward momentum.

Prices for 356.1 alloy rose by 2 cents per lb on Monday April 30, while 319.1 stepped a penny higher on the upper end of the range, according to American Metal Market’s latest assessment. All other ingot prices were unchanged - including the benchmark A380.1 price, which remained at $0.99-1 per lb. “The higher scrap prices we’re absorbing now resulted from the run up on the London Metal Exchange. It takes some time to really see the higher scrap prices translate...

Published

Bradley MacAulay

May 02, 2018

01:55 GMT