Weaker aluminum scrap grades snap back in Spirit auction

Dec 15, 2009 | 08:43 AM | Paul Schaffer

Spirit AeroSystems Inc.'s quarterly auction of aerospace aluminum scrap saw the less attractive grades yield the biggest price jumps, ending the wider differentials that had prevailed during the recession's worst months.

Custom Alloy Scrap Sales Inc., Oakland, Calif., took forthcoming material at the premium end of the auction roster, paying 56.21 cents per pound for mixed aluminum briquetted borings that will become available from the Wichita, Kan., plant of the aircraft components maker in the first quarter of 2010. That value is up 6 percent from a September....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results