Aluminum deox prices jump on scrap tightness
Feb 03, 2014 | 02:07 PM
| Nathan Laliberte
NEW YORK Producers of aluminum deoxidant, or deox, saw prices rise in January as elevated Midwest premiums coupled with a prolonged spat of winter weather across much of the Midwest and Northeast led to "a very real shortage of scrap," sources told AMM.
Prices were hovering around 94 to 96 cents per pound in January, most producers said, up from 92.5 to 94.5 cents at the end of December.
Several deox producers noted that steel mill buyers were more willing to entertain higher price quotes due to the tightness of scrap.....
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