Secondary aluminum prices tick up in step with demand

May 20, 2014 | 03:50 PM | Bhavna Patel

Tags  aluminum scrap, London Metal Exchange, mill-grade scrap, scrap prices, Bhavna Patel

NEW YORK — Some secondary aluminum scrap prices rose slightly May 20 amid improved demand.

Although some strengthening was recorded for clips, the majority of obsolete scrap grades bought by smelters recorded sideways movement.

Mixed low-copper clips reportedly traded at 74 to 76 cents per pound, up from 73 to 75 cents May 15, and mixed high-copper clips increased to a range of 73 to 75 cents per pound from 72 to 74 cents.....

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