Smelters’ aluminum scrap prices steady

Nov 12, 2013 | 01:51 PM | Nathan Laliberte

Tags  aluminum scrap, LME, London Metal Exchange, aluminum prices, scrap prices, mill-grade scrap, smelter scrap, used beverage cans UBCs

NEW YORK — Despite recent declines in terminal markets, smelter-grade aluminum scrap prices have remained mostly unchanged as market participants said the market was being driven primarily by supply and demand fundamentals rather than exchange pricing.

The only grade to register a price change Nov. 11 was used beverage cans (UBCs), which slipped to 67 to 69 cents per pound from 68 to 70 cents Nov. 7.....

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