US Shredded Scrap Prices Remain Stable; Aluminum Scrap Prices Show Mixed Trend

Published: Oct 19, 2016 14:51

Save

United States shredded scrap prices remained stable during the week ended August 26, while major US aluminum scrap commodities weekly average prices on Scrap Register Price Index showed mixed trend.

UNITED STATES October 19 2016 10:28 AM

NEW YORK (Scrap Register): United States shredded scrap prices remained stable during the week ended August 26, while major US aluminum scrap commodities weekly average prices on Scrap Register Price Index showed mixed trend.
According to TSI, US Midwest shredded scrap index remained flat during the week at $236 a long ton (del. Mill). With bulk scrap export prices firming off the East Coast, attention has again turned to September buy-week.
Two bulk cargoes were sold into Turkey at $227 a long ton CFR Turkey, HMS 80:20 basis, which indicates that September will be a sideways market, according to a market participant.
A Midwest supplier, as reported by S&P Global Platts, also commented that the renewed interest from Turkey will result in more scrap material moving to the East Coast, which is a positive for the domestic Midwest region.
The weekly average scrap prices of 356 Auto Wheels, 5052 Alum Clip, 6061 Alum Extrusion, 6063 Extrusion, Alum Breakage 50%, Alum Rad with Iron, Alum Radiator, Alum Transformer, Alum Transmission, Alum Turning showed a flat trend during the week.
Al/Cu Rad with Iron, Al/Cu Radiator, Alum Old Sheet and Mix Alum Casting traded slightly lower during the week while Alum Litho Sheets showed an up trend.

shredded scrap steel prices scrap steel

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 to learn 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

21 hours ago

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

21 hours ago

22 hours ago

A00 Aluminum Prices Drop, Secondary Market Shows Divergence Amid Sluggish Demand

[SMM Aluminum Alloy Daily Review] A00 aluminum prices dropped by 200 yuan/mt from the previous trading day to 23,140 yuan/mt, while SMM ADC12 prices edged down by 50 yuan/mt to 23,550 yuan/mt. Today, secondary aluminum market quotations showed some divergence, with some enterprises choosing to hold steady and wait, while others lowered their offers by about 100 yuan/mt. Driven by the price pullback, downstream purchasing mainly focused on restocking at lower levels, and transaction activity improved slightly compared to the previous period. Overall, downstream demand continued to contract, and fundamental support for prices weakened marginally. Before the holiday, secondary aluminum alloy prices are expected to remain in the doldrums at high levels, with the price center pulling back sligh

22 hours ago

Feb 6, 2026 11:59

The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend]

Feb 6, 2026 11:59