Scrap flow seen slow until aluminum at $2,000

Aug 13, 2012 | 03:18 PM | Daniel Fitzgerald

Tags  aluminum scrap, lme, aluminum prices, sebastien perron, American Iron & Metal, daniel fitzgerald

NEW YORK — London Metal Exchange aluminum prices may need to reach $2,000 per tonne before scrap dealers begin selling material in larger quantities, according to traders.

Sebastien Perron, general manager of American Iron & Metal Co. Inc.’s operation in Laval, Quebec, told AMM on Monday that he had noticed a "waiting-for-higher-prices" attitude being adopted by many small to medium-sized scrap sellers. ....

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