Small changes, no major moves seen in aluminum scrap pricing
Oct 10, 2006 | 11:13 AM
| Paul Schaffer
Aluminum scrap prices are showing no broad movements despite a few scattered adjustments to obtain tactical advantage.
One smelter is quoting several cents higher for cast than for sheet to curtail buying of shredded vehicle aluminum by substituting yard-grade castings.
If exporters were hungry for cast, the savings from such a gambit wouldn't be worth it. However, demand from Asia is currently soft. Also, a facility choosing that strategy must gear up to handle many small purchases from yards rather than a few large shipments of auto scrap.....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here