China scrap demand squeezes U.S. aluminium producers

Newswire

By Declan Conway OSLO, May 26 (Reuters) - Strong Chinese import demand for aluminium scrap will cap output for secondary aluminium makers in the United States, as producers tackle pressured profit margins amid rising scrap prices, a U.S. secondary smelter said on Monday. "A shortage of aluminium scrap is in large part due to the continued demand for exports to the Far East," Harvey Rosen, vice president at Alpert & Alpert told an international conference. "Scrap continues to be in ...

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