Aluminum wheels prices could be set to fall

Jul 08, 2013 | 03:35 PM | Nathan Laliberte

Tags  Aluminum wheels, scrap, price, aluminum rims, 356.1, LME, Nathan Laliberte

NEW YORK — Prices for scrap aluminum wheels have remained relatively steady since the middle of June, but market sources said that a glut of material coupled with annual summer shutdowns at mills could bring tags down in the coming weeks.
Free-market transaction prices for 356.1 wheels are in a range of 85 to 88 cents per pound, unchanged since June 17, sources said. ....

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