Secondary ingot stable for now, but auto softness seen driving in

Oct 03, 2007 | 01:03 PM | Paul Schaffer

Secondary aluminum ingot and the scrap it comes from have shown pricing stability during the past week.

Some market participants expect softness in auto industry demand for castings during the current quarter, which could weaken prices, although the hypothesis that General Motors Corp., Detroit, would curtail its activities for a few weeks after the short strike by unionized workers—to offset extra pre-strike production—seems to have been a bad guess, to the delight of metals suppliers. GM reached a tentative agreement with about 73,000....

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