Alloy tags steady, awaiting scrap cues
Oct 25, 2011 | 02:53 PM
NEW YORK Secondary aluminum alloy prices for the most part remain unchanged amid low volumes and volatile primary aluminum prices on the London Metal Exchange.
Market sources said a drop in terminal market prices, followed by a return Tuesday to levels seen early last week, had kept ingot prices in check. However, sources said scrap dealers could raise prices for some grades of scrap, citing a recovering LME. This could push ingot prices higher if the LME stays at or surges above this weeks levels, some sources said.....
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