Some aluminium scrap prices in the United States slipped over the past week, with the majority unchanged from the previous week, due to muted market activity and a lack of demand, sources said on Thursday September 5.
Fastmarkets’ assessment of the aluminium scrap non-ferrous auto shred (90% Al) buying price, delivered to Midwest secondary smelters, was at 38-40 cents per lb on September 5, narrowing downward by a penny from 38-41 cents per lb one week earlier.
The aluminium alloy A380.1, delivered Midwest, price deteriorated further on Thursday to 63-67 cents per lb from 64-68 cents per lb previously – a more than 10-year low.
“The secondary markets and extrusion markets are particularly weaker with demand falling off,” one seller said. “The other primary markets…