Aluminum scrap prices follow LME down

May 25, 2012 | 01:38 PM | Daniel Fitzgerald

Tags  aluminum scrap, aluminum alloy, aluminum ingot, lme, nasaac, daniel fitzgerald

NEW YORK — Several aluminum scrap and aluminum alloy prices fell Thursday, with one major scrap buyer dropping its quotes by almost a nickel on old sheet.

Old sheet moved down to 71 to 73 cents per pound after holding at 72 to 74 cents since May 7; old cast also dropped by a penny to 73 to 75 cents per pound; high-grade turnings eased to 72 to 73 cents per pound from 72 to 74 cents; and aluminum-copper radiators fell by a penny to $1.63 to $1.68 per pound.....

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