US Shredded Scrap prices edge up; Aluminum Scrap prices stay unchanged

Published: Nov 15, 2016 17:41

Save

United States shredded scrap prices edged up during the week ended September 30, while major US aluminum scrap commodities weekly average prices on Scrap Register Price Index continued to remain flat.

UNITED STATES November 15 2016 12:23 PM
NEW YORK (Scrap Register): United States shredded scrap prices edged up during the week ended September 30, while major US aluminum scrap commodities weekly average prices on Scrap Register Price Index continued to remain flat.

According to TSI, US Midwest shredded scrap index slipped a dollar during the week to $219 a long ton (del. Mill). Market participants appear to be anticipating another price reduction in the upcoming settlements for October.
Low finished-steel demand from end-user markets has sapped steel mill demand for scrap just as we approach the winter season’s raw material inventory rationalization.

The US dollar’s strength along with relative pricing parity between the US Midwest Shredded scrap index and the Turkish HMS #1&2 80:20 scrap index is keeping material on the coast and further compounding the issue.

On the scrap processor side of the coin, further reductions in pricing will muddle the already complicated picture of flow into yards.

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 continued to stay steady during the week.

US Shredded Scrap prices 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 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

Feb 6, 2026 18:30

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.

Feb 6, 2026 18:30

Feb 6, 2026 17:12

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

Feb 6, 2026 17:12

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