Aluminum scrap prices fall with LME

Mar 01, 2013 | 03:08 PM | Nathan Laliberte

Tags  Aluminum scrap, London Metal Exchange, LME, Nasaac, A380.1, aluminum alloys, painted siding, old sheet UBCs

NEW YORK — Most aluminum scrap grade prices declined Feb. 28, with market participants telling AMM that weakening exchange prices coupled with recent turmoil overseas were beginning to take a toll on secondary markets.

Prices for 5052 segregated low-copper alloy clips fell to 92 to 94 cents per pound from 94 to 96 cents Feb. 25; 3105 clips declined to 83 to 85 cents per pound from 85 to 86 cents; mill-grade mixed low-copper alloy clips weakened to 81 to 82 cents per pound from 82 to 84 cents; and the range for painted siding narrowed to 77 to 78 cents per pound from 77 to 79 cents. ....

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