US aluminium scrap prices show some erosion

Aluminium scrap markets in the United States are showing some signs of wear, with steady scrap availability outpacing spot demand and dragging some prices lower.

“I'm hearing there’s lots of scrap available, had a couple wild offers thrown at me that we can't take advantage of at this time,” one US consumer said, noting strong inventory positions. The strong inventories combined with growing scrap flows heading into the second quarter and uncertainty about impending regulations in China have cast a cloud over the industry. “We’re getting plenty of metal; we haven’t raised or lowered numbers yet. We have...

Published

Bradley MacAulay

April 16, 2019

23:08 GMT

Pittsburgh