Buyers take over UK aluminium scrap market as dollar, euro markets remain shut
Apr 18, 2012 | 10:07 AM
The negotiating power in the UK aluminium scrap market has shifted to the buyer’s side, after unfavourable exchange rates and a lack of available containers on eastbound shipping routes closed export markets.
“When speaking to the big scrap merchants over the past few months they’d always say they could get certain prices in the Far East or the Indian subcontinent or the US,” one ingot producer and scrap buyer said. “The boot is on the other foot now. They can’t go to India anymore.”
Scrap prices fell across the board on Wednesday April 18 as merchants had to sell more material into the UK market, taking over the....
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