Al scrap market shows more signs of erosion

Limited spot demand and ample supply have continued to drive aluminium scrap prices lower in the United States.

Aluminium scrap is poised to face a taxing market environment through the remainder of the year, due to strong consumer inventory positions further limiting spot demand and creating challenges for suppliers, market sources said. “It’s hard to move metal; some consumers can only take one load. In my career I've never seen the market at this level, demand-wise. I have mountains of material and some consumers are out of the market - completely out - for the rest of the year. I think there is still room for the market to go down,” one US supplier said. Some major secondary aluminium scrap prices trended lower...

Published

October 30, 2018

22:18 GMT

Pittsburgh