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The aluminium scrap market faces uncertainty. Transparency is crucial for aluminium scrap buyers, sellers, and traders to stay profitable amidst price fluctuations.
Demand for aluminium scrap is growing due to increased recycling in the automotive sector and environmental concerns and the European market plays a vital role in secondary aluminium trading.
Get more transparency into what’s impacting the price of aluminium scrap and secondary aluminium products with our expert market analysis. Learn about the latest supply and demand trends in aluminium scrap, global economic shifts that could impact future pricing, tariffs and supply chains.
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Fastmarkets’ aluminium scrap price data combines the intelligence of industry-leading brands such as Metal Bulletin, American Metal Market, Scrap Price Bulletin and Industrial Minerals.
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Hot-rolled coil spot prices in the United States have surpassed $35 per hundredweight for the first time since March 2019.
Though confirmed deals lowered hot-rolled coil prices in the United States on Friday November 6, the spot market may well hit $35 per hundredweight ($700 0per short ton) soon due to limited availability and rising raw material costs, according to sources.
Market participants in China are increasingly confident that Chinese authorities will revive steel scrap imports into the country in 2021 following the release of new domestic scrap classification standards.
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