Al scrap buying resumes in the new year

Prices for some aluminium scrap grades in the United States rose over the past week due to greater interest following the year-end holiday period and increased foreign buying.

“There’s a cautious optimism to the start of year,” one US seller said, adding that the manufacturing slowdown in the fourth quarter 2019 meant supply had tightened. “With additional units going overseas, the domestic smelters have had to raise some prices.” Fastmarkets’ assessment of the aluminium scrap turnings clean dry high grade buying price, delivered to Midwest secondary smelters rose to 28-31 cents per lb on Thursday January 9, up from 27-30 cents per lb the week before. The buying price for aluminium scrap turnings clean dry mixed grade (max 5% Zn), delivered...

Published

Jenny Stewart

January 10, 2020

21:10 GMT

New York