AMU Survey: Aluminum scrap outlook splits on prices
Recycler forward views shifted toward undersupply in October even as Midwest Premium and UBC expectations moved lower.
Recycler forward views shifted toward undersupply in October even as Midwest Premium and UBC expectations moved lower.
US aluminum scrap imports increased faster than exports through August, while similar tonnage gains kept net exports near year earlier levels.
Indonesian unwrought aluminum exports increased sharply in August, with the US and South Korea accounting for a growing share of shipments.
EGA will route up to 250,000 metric tons of aluminum through the UAE’s east coast in the first year of a new agreement with Gulftainer.
Recycler forward expectations swung toward oversupply in September as inventory drawdowns eased and export demand lost August’s improving responses.
Commerce opened circumvention inquiries into disposable aluminum container imports from Malaysia and Indonesia while earlier Vietnam and Thailand cases continue toward final determinations.
It grants the commerce secretary the authority to take "all appropriate action" under the law to secure these materials, including export restrictions.
AMU’s July survey found recyclers expecting lower Midwest Premium and UBC prices while demand softened, inventories declined and forward views remained mixed.
Canadian aluminum exports to the US have continued to drop since the introduction of tariffs in March 2025, with a growing share shipping off to Europe and Mexico.
We saw lower moves in base metals. Aluminum prices retreated by about 6.3% last week, shadowing crude lower on rising perceptions of easing metal outflows.