Aluminium scrap prices in the United States continued to trend flat to soft this past week as the novel coronavirus prompted industrial slowdowns through capacity reduction at smelters and manufacturing plants across the country.
Prices for smelter-grade scrap mostly moved lower week on week due to sustained pressure resulting from automotive plant closures and reduced flows of peddler scrap as companies limit interactions with the public.Fastmarkets' assessment of the aluminium scrap non-ferrous auto shred (90% Al) buying price realized the biggest decline, falling by 14.1% on Thursday April 2 to 35-38 cents per lb from 41-44 cents per lb previously."[We're] not producing this week and will only get back on production as business picks up," one scrap consumer said.Fastmarkets' assessment of the aluminium-copper radiators buying price fell...