Aluminium scrap prices in Europe fell to their lowest in several years , with a supply overhang continuing to batter the market.
Escalations in the trade war between the United States and China as well as tightening environmental regulations in China have diverted significant volumes of scrap into other markets, including Europe, pressuring scrap prices to record lows.The price of floated frag in Europe on a delivered consumer works basis dropped 5.7% week on week to ?,?1,050-1,100 ($1,231.66-1,290.31) per tonne on Friday September 21, its...