Aluminum Scrap Markets
July 28, 2024
Written by Stephanie Ritenbaugh
August is just a few days away, and, despite the typical summer slowdown in the recycled metals market, there is plenty to watch in the coming week.
A new month means the ferrous market will start to form. And it appears that scrap prices could climb.
Johnson declined to speculate on whether the overall rate would be changed, but said there are other adjustments that can be made.
Fagor Ederlan opened a secondary aluminum plant in Blossburg, Pennsylvania, with 12,000 metric tons of initial annual capacity and plans to triple production capacity.
ClearFlow Metalworks plans a $28 million aluminum billet casting facility in Kentucky, with initial annual casting capacity of 100,000 tons.
Hydro has started construction of a 5,900-tonne indirect extrusion press at its Cressona, Pennsylvania, plant, where it has also expanded recycling capacity.
Higher all-in metal prices and higher alumina prices contributed positively in the quarter, along with improved earnings in Recycling and Extrusions, the company said.
