30 MARCH 2016Shanghai Metal Market
US shredded scrap prices up; US aluminium scrap prices stay stable
Edited by : AL CIRCLE
1 min read
United States shredded scrap prices up during the week ended March 11, while major US aluminium scrap commodities weekly average prices on Scrap Register Price Index stayed stable.
According to TSI, US Midwest weekly shredded index increased $2 a long ton to $203 a long ton this week (delivered mill). The first few days of the March buy-week had initially seen prices soaring, with transactions completed close to $220 a long ton.
Prices, however, returned to $190-$200 a long ton as a surplus of scrap began assembling on the East Coast.
Elsewhere in the domestic market, scrap supply issues resulted in price increases as mills were unable to get scrap from traditional sources to certain regions. On average, March scrap prices rose $10-$20 a long ton around the country.
The weekly average scrap prices of Al/Cu Rad with Iron, Al/Cu Radiator, Alum Breakage, Alum Litho Sheets, Alum Old Sheet, Alum Transformer and Mix Alum Casting remained almost flat during the week.
According to TSI, US Midwest weekly shredded index increased $2 a long ton to $203 a long ton this week (delivered mill). The first few days of the March buy-week had initially seen prices soaring, with transactions completed close to $220 a long ton.
Prices, however, returned to $190-$200 a long ton as a surplus of scrap began assembling on the East Coast.
Elsewhere in the domestic market, scrap supply issues resulted in price increases as mills were unable to get scrap from traditional sources to certain regions. On average, March scrap prices rose $10-$20 a long ton around the country.
The weekly average scrap prices of Al/Cu Rad with Iron, Al/Cu Radiator, Alum Breakage, Alum Litho Sheets, Alum Old Sheet, Alum Transformer and Mix Alum Casting remained almost flat during the week.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
North American Aluminium scrap prices declined on Index 25th March, 2016
Next articlePepsi becomes ‘first brand’ to adopt tinplate, aluminium can recycling marque
Grow with
AL Circle
