UNITED STATES August 06 2015 10:34 AM
NEW YORK (Scrap Register): United States shredded scrap prices dropped in the week ended July 17, while US aluminum scrap prices on Scrap Register Price Index stayed almost stable.
According to TSI, US Midwest shredded index fell $3 a long ton to $263 a long ton (delivered mill) this week. Small pockets of trade were completed late last week, pushing TSI’s index lower.
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The flood of bulk exports into Turkey the week could help prices in the US domestic market to stabilize or even strengthen looking ahead to the next round of domestic purchases.
As per Scrap Register Price Index, United States aluminum scrap commodities also showed a flat trend during the 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 traded almost flat during the week.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to email@example.com)