Drop in key titanium surcharge clouds outlook for '12 markets
Feb 29, 2012 | 07:00 PM
| Frank Haflich
A benchmark titanium surcharge declined in the first quarter, complicating the outlook for the coming year amid contrary demand expectations.
Allegheny Technologies Inc. subsidiary ATI Allvac, Monroe, N.C., reduced its first-quarter surcharge for standard 6-aluminum/4-vanadium bar and flat products by 3.4 percent to $7.32 per pound from $7.58 and lowered its surcharge for 6/4 billet by 3.5 percent to $6.66 per pound. The reduction was somewhat larger than the 1-percent decrease in the fourth quarter of 2011, which was the first surcharge cut in two years.....
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