United States shredded scrap
prices remained flat week-on-week during last week, with mid-month
trading very quiet.
United States shredded scrap prices remained flat at
$261 a long ton (delivered mill) in the week ended March 13, as per the latest
figures from the Steel Index. The overriding expectation in the market for
April purchases appears to be for sideways pricing.
Steel mill utilization rates remain low, with further
cuts in production announced last week, whilst scrap flows into yards have also
seen little change.
Scrap dealers are talking up a shortage of material,
but it remains to be seen if this will translate into any meaningful price
movement.
As per Scrap Register Price Index, United States
aluminium scrap commodities also showed a flat trend during last 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 remained almost flat during last year.
Source- Metal prices.com