SEC0NDARY METALS 497


 Remelters, smelters, and refiners proved the largest consuming group by
taking 99,565 tons of aluminum scrap, a 29-percent rise over 1940. Although
' die castings, pure clippings, wire, and foil all revealed diminished usage,
the 30,618 tons of borings and turnings con— sumed amounted to almost
double the 1940 consumption. Virtually all of the scrap used by aluminum
rolling mills was new scrap that was a byproduct of industrial fabrication.
Foundries and miscellaneous manufacturers consumed only 10,988 tons of aluminum
scrap, slightly less' . than in. 1940. Early in 1942, an order was issued
making it mandatory for all companies whose operations yielded more than
1,000 pounds of aluminum scrap a month to segregate all scrap produced

Consumers' stocks of purchased aluminum-base scrap in the United States at
end of
year, 1940—41, gross weight, in short tons
Scrap item' .
.
On hand—
 . — Dec.31,19401 Dec.31,1941

Castings and forgings
Sheet turnings clippings etc
Miscellaneous aluminum and dross               

.
 Z 734 3,690- 1,802
2,004
(8,0~)
1,521

8,226
. 2,505
' Revised figures.

 The base price of primary aluminum ingot was reduced from 17 cents a pound
to 15 cents a pound in October and averaged 16.50 cents for the year. The
average price for the 98 percent pure. secondary aluminum was about 17.36
cents.
 Dealers' buying prices for scrap cast aluminum in New York averaged 10.76
cents a pound in 1941 compared with 8.95 cents in 1940. Prices averaged 13.97
cents in February, but March prices could not be averaged for lack -of quotations.
Following the announcement of official ceiling prices on March 25, the monthly
average dropped to 11.00 cents in April and remained static until October,
when an average of 9.36 cents a pound reflected the drop in price of both
primary metal and scrap. Cast scrap averaged 9.37 cents in December.
 Dealers', buying prices for new aluminum clippings in New York
averaged 13.00 cents a pound in 1941 compared with 14.47 cents us
1940. From a peak of 16.88 cents averaged in March,' the price
dropped to the ceiling level of 13.00 cents, eased to 1.1.36 cents a
pound in October, and ended the year with a December average of
9.37 cents.
 Effective March 25, 1941, a dual price ceiling listing maximum prices for
sale of aluminum scrap by maker, as well as for sale to consumer, was announced
by the Office of Price Administration.. ,Secondary ingot (98 percent pure)
was fixed at 17 cents a pouiftl, and scrap prices' were set in relation to
the prevailing rate for primary metal (17 cents a pound)., The flow of aluminum
scrap immediately dried up and did not resume normal volume until late in
the summer of 1941.
 Many secondary aluminum-ingot makers were shut down in April and M'ay, and
a few operated at reduced schedules. Nevertheless, ingot production during
the first half of 1941 advanced 21 percent over the half-year rate in 1940.