Aluminum scrap prices rise, alloys steady

Nov 27, 2012 | 12:15 PM | Daniel Fitzgerald

Tags  aluminum scrap prices, aluminum alloy, aluminum ingot, LME, Daniel Fitzgerald

NEW YORK — Free-market aluminum scrap prices have risen alongside a bump in London Metal Exchange pricing, with alloy producers attempting to push alloy tags higher as their scrap costs increase.

Old sheet moved up to a range of 69 to 71 cents per pound from 68 to 70 cents previously, while aluminum-copper radiators increased to between $1.70 and $1.75 per pound from $1.68 to $1.73.

Mill-grade mixed low-copper clippings moved up to a range of 79 to 81 cents per pound from 78 to 80 cents, while painted siding rose to 75 to 77 cents per pound from 74 to 76 cents.....

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