UK secondary aluminium industry mulls production cuts on weak DIN226 price
Nov 09, 2011 | 09:00 AM
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Secondary aluminium producers in the UK are considering cutting output in the run-up to Christmas because lower prices in Europe and an unfavourable exchange rate are making export business uncompetitive.
Some producers are already operating at reduced levels after running at full capacity all year on strong demand in the UK and Europe.
“I have cut production back,” a UK-based aluminium alloy producer told Metal Bulletin. “You’ll find the big boys will be looking to cut production too if the export prices stay this low.”
“One of our furnaces had some maintenance work done recently and we haven’t started it back up again. There’s no panic yet, but it’s disappointing considering last year was very good and most of this year has been good too,” a second alloy producer added.....
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