Aluminum scrap market players see hints of a thaw

Nov 04, 2008 | 11:19 AM | Paul Schaffer

Some participants in the cold aluminum scrap market see hints of a thaw.

"We think things have bottomed out and we're accumulating units of higher purity, grades that are easy to dump in the marketplace" if the optimism is misplaced, said a source at a company owning a Midwest scrapyard. He noted that some of the yard's quotes, which had been below prices published in AMM, have risen.....

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