US mill-grade aluminium scrap prices soften

Most mill-grade aluminium scrap prices fell in the United States this past week, encouraged by weaker London Metal Exchange aluminium prices and uncertainty resulting from the spread of the novel coronavirus.

“The mill-grades are down this week. The LME dropped a lot, and scrap hasn’t fallen as much but it’s down a bit,” one US scrap seller said. Fastmarkets assessed the segregated low copper alloy clips 5052, mills specialty consumers' buying price, fob shipping point US down by a penny week on week at 69-72 cents per lb on Thursday March 12. Fastmarkets’ assessment of the segregated low copper alloy clips 3105, mills specialty consumers' buying price fell on Thursday to...

Published

Jenny Stewart

March 13, 2020

20:35 GMT

New York