Domestic aluminum scrap markets remain flat and unable to gather momentum against an imbalance of steady flows, strong supplies and uneven mill demand. The current holding pattern looks to continue for the near term with market participants hoping for improving market conditions in the second quarter.
The London Metal Exchange (LME) three-month aluminum contract was down 1% between the February 11 and February 14 sessions and approximately 1.6% lower since the beginning of 2019. Mill-grade and smelter-grade prices were mostly sideways for the week, except used beverage cans widening on the low end by a penny per lb.
We will continue to keep you updated on market conditions through our website news section, so check back often. Metro Alloys has successfully served its clients for more than 30 years in all market conditions and we encourage you to contact your sales representative, Marvin Fish, Gary Kamp or Abby Frank with any questions.