Aluminum mill scrap tags join market free fall

Nov 16, 2010 | 01:43 PM | Sean Davidson

Mill grade aluminum scrap prices joined primary aluminum in a free fall Tuesday even as mill demand for scrap remained healthy.

Cash aluminum closed London Metal Exchange trade at $2,214 per tonne ($1 per pound) in the final evening evaluation, down 5 percent from the second ring's $2,329 per tonne ($1.05 per pound).

The North American special aluminum alloy contract (Nasaac) cash bid price of $2,159 per tonne (98 cents per pound) was down 4.6 percent from $2,260 per tonne ($1.02 per pound) in the same comparison.....

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