Aluminum wheel prices gain speed

Jan 23, 2014 | 03:45 PM | Nathan Laliberte

Tags  aluminum, aluminum wheels, 356.1, aluminum scrap, scrap prices, Midwest premium, Nathan Laliberte

NEW YORK — Scrap aluminum wheel prices continued to accelerate through mid-January, supported by a combination of rising demand and a blast of winter weather across much of the Northeast, market participants told AMM.

Free-market transactions for 356.1 wheels are at 84 to 86 cents per pound vs. 82 to 84 cents Jan. 9, traders said.....

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