Aluminium Scrap Prices, Trends & Forecasts | Provided by Procurement Resource
In the first quarter of 2023, the demand for aluminum scrap dipped by nearly 4% in the US and Canadian markets, though overall market stability was maintained due to increased interest from utility companies and government initiatives in electrical grid systems. Export rates surged while imports dwindled, providing a cushion to the declining aluminum scrap market dynamics. Request for Real-Time Aluminium Scrap Prices: https://www.procurementresource.com/resource-center/aluminium-scrap-price-trends/pricerequest European countries witnessed similar trends, with low product inflow and order backlogs affecting price fluctuations. Economic challenges, rising interest rates, and energy production costs pressured the consumer sector, contributing to a decline in purchasing potential. Definition Aluminium scrap refers to recycled aluminum-containing materials or products that are no longer in use or have reached the end of their useful life. It encompasses various aluminum-based items, s...