Alloy tags steady, awaiting scrap cues

Oct 25, 2011 | 02:53 PM |

Tags  secondary aluminum alloys, scrap prices, Sean Davidson

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 week’s levels, some sources said.....

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