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    CRU: Low Water on the Mississippi Threatens Aluminum

    Written by Greg Wittbecker


    Ingram Marine Group, the largest US barge operator, on Oct. 6 declared force majeure in a letter to customers. The company said low water levels had made it impossible to make timely deliveries.

    Vessels have run aground near Memphis, Tenn., and there is a logjam of more than 122 vessels/barges near Stack Island, Miss., impeding movements. All told, it’s the worst conditions seen on the Mississippi River since 1988.

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    Mills seek more scrap after lower prices fail to attract tons

    Several mills that bought October scrap early last week are still asking for additional supplies, scrap market participants said. The reason: the mills' initial prices did not attract enough of the raw material, they said. A trading source based in northern Ohio said three mills have contacted his firm seeking offers for additional tons. He said the mills asked for offers even if prices were higher than their original buys last week.