By Vibin Antony
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.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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