Europe’s OEA proposes new pricing system for aluminum alloy

Oct 26, 2009 | 12:35 PM |

The Organization of European Aluminium Refiners and Remelters (OEA) wants to adopt a pricing system for casting alloys, general secretary Günter Kirchner said on Monday.

Kirchner announced plans for the initiative at the nonferrous metals division of the Bureau of International Recycling (BIR) conference in Amsterdam on Monday, and took many delegates by surprise.

"We need a stable relationship between scrap and aluminum alloys. It's missing," he said referring to the smaller margins for alloy producers who have had in recent years to pay more for their raw material and get less for their alloy.

The initiative was prompted by requests from OEA members, which include Aleris Recycling GmbH in Germany, Austria Metall AG (Amag) Casting in Austria and Trimet Aluminium AG in Germany, and is still in the early stages. He did not give any details of how the system would work.....





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