Reliance Steel and Aluminum has closed yesterday at $43.10. So far the stock has hit a 52-week low of $12.58 and 52-week high of $78.44. Reliance Steel and Aluminum stock has been showing support around 41.77 and resistance in the 44.47 range. For full story, click here
US aluminum scrap export prices have surged in some case from 5 to 10 cents per pound over domestic prices on secondary grades and as scrap demand from China has risen over the past few months, this has tightened US supply. For full story, click here
Aluminum prices fell as stocks of the metal used in transport and packaging jumped by more than 10,000 tonnes for the second day in a row to a record above 2.94 million tonnes. For full story, click here
Three-month aluminum was untraded at the close, but bid at $1,330, from $1,348 a tonne at the close Monday, having earlier fallen to $1,331 – the lowest since late January. For full story, click here
Saddled with a huge inventory of 29.24 lakh tonnes on the LME by the end of the current weak, aluminium prices dipped $13 to $1,340 per tonne. For full story, click here
Aluminium perked up 8.53 per cent to end the week at $1,438. For full story, click here
Aluminium March 9 contract rose by 4.78 per cent to Rs 69.10 per kg. For full story, click here
Aluminium March 9 contract rose by 4.78 per cent to Rs 69.10 per kg, For full story, click here
Aluminum prices are near five-year lows as orders drop from automakers, builders and appliance manufacturers. For full story, click here
Most of the Base metals witnessed slight bounce back from last week’s lows with wide directional divergence seen as individual metals reacted differently to short-term influences. Aluminum gained 5 percent as the news of immediate financial aid to the US auto industry helped. For full story, click here
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