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US Shredded Scrap prices fall further; Aluminum Scrap prices remain flat
Sep 23,2016 09:26CST
price review forecast
Source:SMM
United States shredded scrap prices fell further during the week ended August 12, while major US aluminum scrap commodities weekly average prices on Scrap Register Price Index remained steady.

UNITED STATES September 22 2016 6:13 PM    

NEW YORK (Scrap Register): United  States shredded scrap prices fell further during the week ended August 12, while  major US aluminum scrap commodities weekly average prices on Scrap Register  Price Index remained steady.

According to TSI, US Midwest shredded scrap  index dropped $4/long ton this week to $235 a long ton (del. Mill). US steel  producers noted muted finished steel demand in August, which in turn had a  significant impact on scrap negotiations.

One Midwest supplier reported  to S&P Global Platts that he was hoping to complete a sideways deal for  shredded scrap, but had to ultimately go down $5 a ton.

Scrap from the  western parts of US being offered into the market, as well as imported European  scrap in the Gulf, had further negative impacts on the price.

The weekly  average scrap prices of 5052 Alum Clip, Al/Cu Rad with Iron, Alum Breakage 50%,  Alum Litho Sheets, Alum Rad with Iron, Alum Radiator, Alum Transformer, Alum  Transmission, Alum Turning, Mix Alum Casting, 6061 Alum Extrusion, 6063  Extrusion, Al/Cu Radiator, and Alum Old Sheet, 356 Auto Wheels showed a flat  trend during the week.


United States shredded scrap prices

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