Some US lead, zinc scrap prices step lower

While certain lead and zinc scrap prices in the United Stated moved slightly lower in the two weeks to Tuesday August 27 due to seasonal slowdowns, many sources remained optimistic about the market outlook for the months ahead despite some export competition.

“It seems like we’ve fallen into a groove here. Compared to everything else, it’s not so bad. We’ve seen some activity as of late, but I think it’s the end of the month and people want to get stuff out so they have it on their receivable book,” one lead scrap consumer said. “By and large there’s not much coming into the scrapyards, and it’s a little bit slower.” Fastmarkets’ assessment for the lead scrap cable buying price, delivered smelters US, widened downward to $80-83 per hundredweight from $81-83 per cwt previously. “I would say exporters...

Published

Elizabeth Ramanand

August 28, 2019

22:03 GMT

New York