US aluminium scrap market mixed; supply still tight

Sentiment in the United States' aluminium scrap market was mixed this past week due to ongoing uncertainty surrounding the long-term effects of the novel Coronavirus (2019-nCoV). Generally, the supply side remained tight for those buying in the US despite slowing export demand.

China's imports of aluminium scrap have slowed recently due to the Coronavirus impacting trade routes and the country's work force. Other Asian countries have also reduced scrap buying since throughput of product to China is more uncertain. “We’re still getting requests from India,” one US seller source said. “India is still fairly aggressive on scrap, but the domestic market is definitely seeing an affect; perhaps on a whole they’re buying less but there are still some brokers with open positions.” Some sources noted that...

Published

Jenny Stewart

February 28, 2020

22:15 GMT

New York