US aluminum scrap prices slide on LME dip

Apr 05, 2013 | 04:26 PM | Nathan Laliberte

Tags  Aluminum scrap, mill-grade aluminum, A380.1, LME, Nasaac, scrap prices, Nathan Laliberte

NEW YORK — Prices for most secondary aluminum scrap grades fell April 4 as sources said unfavorable margins and weakening terminal markets continued to present significant headwinds to maintaining profitability.

“We’re busy on the sales end and when the weather starts to improve flow will get a little better,” one scrap buyer said. “But we’re still struggling to achieve proper margins.”
Secondary smelters’ mixed low copper clips fell 2 cents to 73 to 75 cents per pound from 75 to 77 cents previously, mixed high copper clips weakened to 73 to 74 cents per pound from 75 to 76 cents, mixed high zinc clips decreased to 68 to 69 cents per pound from 69 to 70 cents, and painted siding and mixed clips each moved to 71 to 73 cents per pound from 72 to 74 cents previously. ....

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