Buyers react to rising aluminum scrap costs
Mar 21, 2013 | 03:43 PM
| Nathan Laliberte
NEW YORK Rising aluminum scrap costs have forced some secondary aluminum producers to re-evaluate their product mixes and buying strategies, according to market participants.
One alloy maker told AMM earlier this week that it will stop producing A380.1 alloy until margins improve (amm.com, March 19), while a specialty secondary aluminum producer told suppliers on March 21 that it will step away from scrap markets until the price direction for raw material and finished products becomes clearer, AMM understands. Both producers, however, said that they are long on scrap inventory and will....
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