Aluminum scrap prices steady as LME rebounds

Feb 22, 2012 | 03:58 PM | Daniel Fitzgerald

Tags  aluminum scrap prices, aluminum alloy prices, LME, nasaac, ingot prices, daniel fitzgerald

NEW YORK — Free-market aluminum scrap and ingot prices have remained stable after a London Metal Exchange recovery and slower trading around the Presidents’ Day holiday stemmed last week’s pricing slide.

Old cast showed the only movement in scrap pricing, moving down to 74 to 76 cents per pound Tuesday from 75 to 77 cents a week ago. Old sheet held steady at 72 to 74 cents per pound, and A380.1 was unchanged at $1.09....

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