Aluminum wheel prices inch lower

Nov 25, 2013 | 02:28 PM | Nathan Laliberte

Tags  aluminum wheels, London Metal Exchange, LME, secondary aluminum alloy, 356.1, aluminum scrap, scrap prices, aluminum prices Nathan Laliberte

NEW YORK — Scrap aluminum wheel prices continued to fall this week as increasing supply coupled with lower demand and weakening terminal markets have compelled buyers to lower quotes.

Free-market transaction prices for 356.1 wheels have fallen to 79 to 82 cents per pound from 79 to 83 cents Nov. 11, according to traders.....

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