NEW YORK U.S. nonferrous scrap exports fell in December
amid weaker demand from China, whose aluminum scrap intake fell
13.9 percent vs. November to 110,450 short tons.
Buyers at Chinese
aluminum smelters cited several factors, including a steep fall
in the primary aluminum price in China, which has made scrap a
less-attractive option to prime.
"We are not looking to
buy as much scrap as we have in the past," one buyer at a major
Chinese aluminum smelter told AMM. "Prime is a pretty
good option for us at this point, especially because of the
weakening aluminum market in China."
weather-related issues. "We have the material, but moving it
has been pretty difficult over the past few months," one
exporter said, adding that recent inclement weather likely will
reduce export activity into March.