10 OCTOBER 2011Metal Bulletin
US aluminum scrap prices said on fragile ground
Edited by : AL CIRCLE
1 min read
Aluminum scrap prices have come under pressure after one large consumer stepped away from the market and others refuse to buy long.
The lack of visibility on year-end production volumes has made scrap buyers wary of purchasing forward, they told AMM, noting that they have built sufficient inventory for the next 30 days.
Prices for largely traded items like old sheet and old cast remained steady over the course of this past week.
The lack of visibility on year-end production volumes has made scrap buyers wary of purchasing forward, they told AMM, noting that they have built sufficient inventory for the next 30 days.
Prices for largely traded items like old sheet and old cast remained steady over the course of this past week.
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