US aluminium scrap markets in state of flux due to trade policy changes

摘要

A wave of volatility has swept through aluminium scrap markets in the United States due to drastic trade policy changes, with mill-grade and smelter-grade prices moving in opposite directions."The [US] Midwest premium and the [London Metal Exchange] have seen knee-jerk reactions, and mill-grade scrap spreads are opening up with all the uncertainty. But on the secondary side zorba is staying in the States with not a lot of places to sell, so the scrap markets are moving in a couple different directions," one US supplier source said.