Deox hit by weak demand, rise in flow of scrap

Jun 03, 2013 | 03:14 PM | Nathan Laliberte

Tags  deoxidized aluminum, deox, aluminum, aluminum deox prices, mill demand, scrap supply, Nathan Laliberte

NEW YORK — Prices for deoxidized aluminum weakened in May as slowing demand from steel mills caused heavy price competition among producers, sources said.

Most producers said sales in the first half of the month hovered around 98 cents to $1 per pound, but those numbers weakened over the second half of the month as fear of domestic production curtailments compelled sellers to part with material at lower levels. Several....

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