US Shredded Scrap prices slip to $260 a long ton; US Scrap Aluminum prices remain flat

UNITED STATES March 31 2015 2:20 PM
NEW YORK (Scrap Register): United States shredded scrap prices slipped during last week, while aluminum scrap prices on Scrap Register Price Index also unchanged.

United States shredded scrap prices slipped by $1 a long ton to $260 a long ton (delivered mill) in the week ended March 27, as per the latest figures from the Steel Index.

Once again trading was quiet leading to little surprise that prices remained relatively stable.

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Steel mill utilization rates were cut further the week from their already low levels and, despite some rumors in the market of a shortage of material, there seems little enthusiasm for drastic price movements.

As per Scrap Register Price Index, United States aluminum scrap commodities also showed a flat trend during last week. The scrap prices of 356 Auto Wheels, 5052 Alum Clip, 6061 Alum Extrusion, 6063 10-10 Extrusion, Al/Cu Rad with Iron, Al/Cu Radiator, Alum Breakage 50%, Alum Litho Sheets, Alum Old Sheet remained almost flat during last week.