Aluminum smelters’ scrap prices fall

Dec 03, 2013 | 02:47 PM | Nathan Laliberte

Tags  aluminum scrap, LME, London Metal Exchange, scrap prices, aluminum prices, Nathan Laliberte

NEW YORK — Prices for most grades of secondary aluminum smelters’ scrap fell Dec. 2, precipitated by lower demand from mills and weakening terminal markets, according to industry sources.

Several sellers said they had seen reduced demand from most domestic consumers over the past week.

"What I am being told is that a lot of consumers don’t want material," one scrap seller said. "It’s the end of the year, they don’t want a lot of orders and terminal markets are hitting the skids. Demand is really slowing down right now.....

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