US Shredded Scrap prices remain flat; Aluminum scrap prices stay stable

Published: Sep 6, 2015 10:13

Save

United States shredded scrap prices remained flat during the week ended August 21, while US aluminum scrap prices on Scrap Register Price Index stayed stable.

UNITED STATES September 03 2015 6:12 PM

NEW YORK (Scrap Register): United States shredded scrap prices remained flat during the week ended August 21, while US aluminum scrap prices on Scrap Register Price Index stayed stable.

According to TSI, US Midwest shredded index remained flat at $238 a long ton (delivered mill) the week.

For Live US Scrap Aluminium Prices Log on to Scrap Register

US participants will be watching export activity closely with regards to whether the Yuan has an impact on material heading out of both east and west coasts.

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 traded almost flat during last week.

(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)

United States shredded scrap prices US aluminum scrap prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 mins ago

Core Inflation Exceeds Expectations, Boosting Rate Hike Expectations; Copper Prices Consolidate at Highs [SMM Copper Morning Meeting Summary]

SMM Morning Meeting Minutes: Last Friday evening, LME copper opened at $14,088/mt, rose to an intraday high of $14,359/mt, then pulled back in consolidation, and finally closed at $14,226/mt, up 0.31%. Trading volume reached 27,000 lots, and open interest reached 275,000 lots, an increase of 2,022 lots from the previous trading day, driven by bullish positioning. Last Friday, the most-traded SHFE copper 2610 contract opened at 108,660 yuan/mt, rose to an intraday high of 108,830 yuan/mt in early trading, then drifted lower to an intraday low of 108,350 yuan/mt, and finally closed at 108,440 yuan/mt, down 0.50%. Trading volume reached 37,000 lots, and open interest reached 193,000 lots, a decrease of 5,979 lots from the previous trading day, driven by bullish liquidation.

4 mins ago

17 mins ago

Boliden Somincor Advances Neves-Corvo Copper-Zinc Mine Development with Two 630-Metre Shafts

Boliden Somincor has awarded Master Drilling a contract to construct two 630-metre-deep, 4.5-metre-diameter raisebored shafts at its Neves-Corvo copper-zinc operation in Portugal. The first 630-metre pilot hole has already been completed in just 24 days, setting a new Master Drilling record. While no incremental copper production guidance was disclosed, the project represents continued investment in deep underground infrastructure at one of Europe’s key operating copper mines.

17 mins ago

19 mins ago

EU Scrap Policy Update: India, Thailand and Malaysia Reportedly Fail WSR Requirements for Metal Waste Imports

The EU's scrap export policy has taken another important turn. India, Thailand and Malaysia failed to meet environmental requirements in the European Commission's draft assessment covering metal waste, potentially preventing them from directly importing affected EU scrap streams once the new Waste Shipment Regulation takes effect. Under the WSR, exports of non-hazardous waste to non-OECD countries will generally be prohibited from May 21, 2027, unless the destination and specific waste streams are approved. The Commission's first final list is due by November 21, 2026, so a copper scrap ban is not yet confirmed.

19 mins ago