Junk wheel prices slip as supply picks up

Apr 01, 2014 | 02:46 PM | Nathan Laliberte

Tags  junk wheels, 356.1, London Metal Exchange, LME, U.S. Midwest aluminum premium, Nathan Laliberte

NEW YORK — Scrap aluminum wheel prices continued to roll lower March 31 on fluctuations in U.S. Midwest aluminum premiums coupled with a recent uptick in supply generated by inclement weather in February and March, sources said.

Free-market transaction prices for 356.1 wheels are between 84 and 86 cents per pound, down a cent on the low end from March 18, traders said.....

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