US aluminium scrap prices fall further amid Covid-19 slowdown

All but one of Fastmarkets’ aluminium scrap price assessments fell on Thursday April 9 while the Covid-19 pandemic-driven market slowdown continued to affect the US scrap business.

“[This] certainly is an unusual time. I’ve never seen anything like this in my lifetime,” one US scrap consumer source said. “Hopefully the May 4 start-up for many automakers will happen.” Fastmarkets assessed the mixed low copper clips, buying price, delivered Midwest secondary smelters at 35-38 cents per lb and the mixed high copper clips buying price at 33-35 cents per lb, both down by 2 cents week on week. Fastmarkets’ assessment of the mixed high zinc clips buying price slipped to 30-32 cents per lb and the mixed clips buying price dropped to 33-35 cents per lb, falling by 2 cents and 3 cents respectively from the previous assessment. “There’s not much going on these days, everyone auto-related has pretty much settled into the beginning of May,” one scrap seller said. “There is still some peddler scrap...

Published

Jenny Stewart

April 13, 2020

21:26 GMT

New York