Most secondary aluminium alloy prices ticked lower in the United States on Tuesday September 4, with a new record-wide spread between benchmark A380.1 and non-ferrous auto shred (twitch) heightening the pressure on alloys.
The benchmark A380.1 price logged a half-cent drop on the low end of the range to 94-96 cents per lb on September 4, the lowest level since September 2017.Depressed prices in the scrap market and on the London Metal Exchange are putting pressure on alloy producers. But some producers are maintaining rigid offers, even while the spread...