UK aluminium scrap price follows LME prices down

Apr 11, 2012 | 10:42 AM |

UK aluminium scrap prices fell again on Wednesday April 11, following lower London Metal Exchange prices and the diminishing attractiveness of markets outside the UK. The falling prices do not signal a general downtrend, however, as the market remains tight even as the LME’s moves present some short-term relief for secondary aluminium producers. “Margins at the moment are horrific – I don’t think anyone is doing much better than break-even at the moment,” a producer said. UK scrap dealers sell a....

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