NEW YORK Prices for lead scrap were steady March 25 as sources said no clear direction had developed for the market.
You have some people who are up, some people who are down, one Midwest lead scrap buyer told AMM. You could call up lead producers who either dont have material or have plenty to sell.
The disparity is likely the result of the severe winter weather that swept across large parts of the country, he said. For people on the West Coast, who werent really impacted, I can see how they may have vastly different material flows. I have been paying my customers more than they can get anywhere in the Midwest, but I am still being outbid by California buyers.
Calls to several lead scrap buying firms in California were not returned.
Meanwhile, zinc scrap prices fell March 25, in step with slight declines on the London Metal Exchange.
The LMEs three-month zinc contract ended the official session March 25 at $1,975.50 per tonne (89.6 cents per pound), down 3.7 percent from $2,050.50 per tonne (93 cents per pound) March 11. The contract regained some ground March 26, ending at $1,991.50 per tonne (90.3 cents per pound).