Aluminum scrap prices are steady across the board this week even with light demand and ample supplies already inventoried by consumers. Three-month aluminum contracts on the London Metal Exchange (LME) were experiencing some pressure with prices down 1% during the past 10 days.
Market participants are not seeing much movement for aluminum scrap right now, however, there are signs of stronger demand ahead as several mills emerge from summer shutdowns. Increased buying activity as these mills re-open could begin to advance prices later in August.
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.