US Shredded Scrap prices gain to $169 a long ton; US Aluminum Scrap prices stay stable

UNITED STATES December 28 2015 5:45 PM    

NEW YORK (Scrap Register): United  States shredded scrap prices gained during the week ended December 11, while  major US aluminum scrap commodities weekly average prices on Scrap Register  Price Index also showed a steady trend.

According to TSI, US Midwest  shredded index increased $3 long ton the week to $169 long ton (delivered mill).  There is still significant regional disparity across the US, with some mills  still paying higher prices (over $190 long ton) the week in order to have prompt  delivery of the material.

While some  prices were as low as $155 long ton, market participants do not expect these  prices to last long as inventories need to be restocked, yet scrap is currently  in short supply.

The major aluminum scrap commodities on the Scrap  Register Price Index showed flat trend during the week. The weekly average scrap  prices of Auto Wheels, 5052 Alum Clip, 6061 Alum Extrusion, 6063 Extrusion,  Al/Cu Rad with Iron, Al/Cu Radiator, Alum Breakage 50%, Alum Litho Sheets, Alum  Old Sheet, Alum Rad with Iron, Alum Radiator, Alum Transformer, Alum  Transmission, Alum Turning and Mix Alum Casting stayed stable during the  week.