Aluminum alloy prices remain mostly steady

Oct 01, 2013 | 04:41 PM | Nathan Laliberte

Tags  secondary aluminum alloy, A380.1, London Metal Exchange, LME, used beverage cans, UBCs, mill-grade aluminum scrap, scrap prices aluminum scrap

NEW YORK — Secondary aluminum alloy prices remained unchanged Sept. 30, with market participants saying producers were attempting to hold the line on prices and fend off lower quotes from consumers.

As producers fight to achieve better margins, sellers who lowered quotes in response to downward pricing pressure were hurting the entire market, several sellers said.

"Consumers can smell a desperate salesman from a mile away and I refuse to be one of those guys," one producer said. "You can only run at $1.01 per pound for A380 for so long before you go out of business."....

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