[Scrap Price]US Shredded Scrap prices drop to $263 a long ton; US Aluminum scrap prices remain flat

Published: Aug 6, 2015 16:35

Save

United States shredded scrap prices dropped in the week ended July 17, while US aluminum scrap prices on Scrap Register Price Index stayed almost stable.

UNITED STATES August 06 2015 10:34 AM

NEW YORK (Scrap Register): United States shredded scrap prices dropped in the week ended July 17, while US aluminum scrap prices on Scrap Register Price Index stayed almost stable.

According to TSI, US Midwest shredded index fell $3 a long ton to $263 a long ton (delivered mill) this week. Small pockets of trade were completed late last week, pushing TSI’s index lower.

For Live US Scrap Aluminium Prices Log on to Scrap Register

The flood of bulk exports into Turkey the week could help prices in the US domestic market to stabilize or even strengthen looking ahead to the next round of domestic purchases.

As per Scrap Register Price Index, United States aluminum scrap commodities also showed a flat trend during the 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 the 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)

scrap price

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

42 mins ago

Boliden Earnings Improve as Investors Stay Bullish on European Copper Exposure

Swedish mining company Boliden reported improved first-quarter earnings, supported by higher copper prices and stronger cost controls. Although European industrial demand remains relatively soft, investors continue focusing on long-term copper supply tightness. Boliden said it will continue optimizing its Nordic mining and smelting operations.

42 mins ago

1 hour ago

India’s Top Copper Producers Oppose Scrap-Based Rod Standards

India’s leading copper producers, including Adani, Vedanta, Hindalco, and Hindustan Copper, are opposing the inclusion of scrap-based copper wire rods in national quality standards. The companies argue that some recycled copper products may not meet the purity requirements needed for transformers, power cables, and other critical electrical infrastructure. The debate comes as India rapidly expands its power grid and clean-energy investments, driving strong copper demand growth. Analysts say the dispute reflects growing efforts to strengthen copper supply-chain quality and security in India.

1 hour ago

Shuka Mining Launches Drilling in Zambia; Overnight LME Copper and SHFE Copper Both Closed Lower [SMM Copper Morning Meeting Minutes]

SMM Morning Meeting Summary: Overnight, LME copper opened at $13,489/mt, initially rising to $13,533.5/mt before the price center gradually shifted lower to $13,386/mt, ultimately closing at $13,427/mt, down 1.2%. Trading volume reached 20,000 lots, and open interest stood at 277,000 lots, a decrease of 6,463 lots from the previous trading day, indicating bulls reducing positions. Overnight, the most-traded SHFE copper 2606 contract opened at 104,130 yuan/mt, initially touching a high of 104,170 yuan/mt before the price center shifted lower to a low of 103,390 yuan/mt, ultimately moving sideways to close at 103,670 yuan/mt, down 0.82%. Trading volume reached 31,000 lots, and open interest stood at 143,000 lots, a decrease of 4,124 lots from the previous trading day, indicating bulls reducing positions.

1 hour ago