Supply crimp lifts smelters’ aluminum scrap tags 2cents/lb.
Dec 09, 2009 | 12:04 PM
| Paul Schaffer
Smelter-grade aluminum scrap moved 2 cents per pound higher in the past week as supply remained tight.
The scrap price gains put sheet and cast in a range of 59 to 60 cents per pound Wednesday and mixed low-copper clips at 62 to 63 cents.
Buyers of smelter-grade alloys have chosen to stay active until close to the holidays, keeping throughput steady.
"We have not seen a seasonal slowdown. But early 2010 is still a big question mark," the scrap buyer for one smelter said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.