Smelters’ aluminum scrap prices steady

Apr 04, 2014 | 02:55 PM | Nathan Laliberte

Tags  aluminum scrap, LME, zorba, twitch, nonferrous scrap, Nathan Laliberte

NEW YORK — Prices for aluminum smelters’ scrap were mostly steady April 3, with market participants noting that an increase in the domestic supply of nonferrous auto shreds twitch and zorba had prevented tags from moving in step with primary aluminum increases on the London Metal Exchange.

The uptick in supply is largely the result of recent economic issues in China (amm.com, March 26), which prompted Chinese importers to postpone shipments and reduce price quotes, sources said.....





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