Mart uneasy as aluminum alloy tags sideways

Mar 26, 2013 | 01:09 PM | Nathan Laliberte

Tags  A380.1, aluminum alloy, aluminum scrap, LME, Nasaac, UBCs, Nathan Laliberte

NEW YORK — Prices for secondary aluminum alloy were unchanged March 25, with sources indicating that a lack of price movement in both secondary smelter scrap and alloy grades was creating a growing sense of uneasiness for alloy producers and scrap suppliers.

"One of two things has to happen: either alloy prices will go up or scrap prices will go down," one alloy producer source said. "Unfortunately, scrap dealers are reluctant to sell at current prices and alloy makers are having trouble finding buyers who will pay up." ....

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