US aluminium scrap prices rise as buying improves

Most US aluminium scrap prices rose on Thursday July 16, with increased buying interest and supposedly tighter scrap supply supporting the increases.

Fastmarkets' assessments of aluminum scrap mixed low copper clips, buying price, delivered Midwest secondary smelters and mixed high zinc clips both rose by a penny to 39-42 cents per lb and 34-36 cents per lb respectively on July 16. The assessment for mixed high copper clips increased to 37-39 cents per lb on Thursday from 35-37 cents per lb the week before.

“The markets for some grades have moved up,” one seller said. “The potential for...

Published

Jenny Stewart

July 17, 2020

22:12 GMT

New York