Prices for some aluminium scrap grades have continued to move lower, particularly the mill grades, due to a decrease in primary metal on the London Metal Exchange, sources said on Monday August 5.
"I would say prices have dropped a penny or two below [for mill grades]. I do think that smelter prices are dropping again also," one aluminium scrap seller said. "I don't know that we have seen a bottom here; we hear a lot of chatter about a bottom but things seem to keep dropping."Fastmarkets assessment for aluminium scrap segregated low copper alloy clips 5052, mills specialty consumers' buying price, fob shipping point US, fell...