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US Shredded Scrap prices stay stable; Aluminum Scrap prices remain flat
Oct 31,2016 10:18CST
industry news
United States shredded scrap prices stayed stable during the week ended September 02, while major US aluminum scrap commodities weekly average prices on Scrap Register Price Index showed a flat trend.

UNITED STATES October 28 2016 12:02 PM

NEW YORK (Scrap Register): United States shredded scrap prices stayed stable during the week ended September 02, while major US aluminum scrap commodities weekly average prices on Scrap Register Price Index showed a flat trend.

According to TSI, US Midwest shredded scrap index remained flat during the week at $236 a long ton (del. Mill). The market is expecting a $15-$20 a long ton drop in prime scrap and a $5-$10 a long ton drop in shredded scrap prices for September buy-week.

Participants are, however, attempting to assess what impact the recent cancellation by US mills of most August contracts for undelivered material will have on buy-week. 

Market sources therefore expect mills to approach September with a sense of caution, as reported by S&P Global Platts.

The weekly average scrap prices of Al/Cu Rad with Iron, Al/Cu Radiator, Alum Breakage, Alum Litho Sheets, Alum Old Sheet, Alum Transformer and Mix Alum Casting showed almost a flat trend during the week.

United States shredded scrap prices

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