Aluminum scrap prices fall amid oversupply

May 24, 2013 | 03:54 PM |

Tags  aluminum scrap, LME, London Metal Exchange, A380.1, old cast, old sheet, used beverage cans, aluminum Nathan Laliberte

NEW YORK — Some grades of secondary smelters’ aluminum scrap fell May 23, as participants said that domestic supply has loosened as a result of improving weather conditions across much of the Midwest.
Prices for old sheet and old cast, which serve as primary feedstock for the production of aluminum alloy A380.1, each fell a penny to ranges of 68 to 70 cents per pound and 70 to 72 cents per pound, respectively. Mixed clips weakened to 70 to 72 cents per pound from 71 to 73 cents. ....

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