Aluminum billet market remains strong
May 02, 2012 | 03:56 PM
| Suzy Waite
Tags
Aluminum billet,
Norsk Hydro,
Alcoa,
Glencore,
Massena West,
Suzy Waite
NEW YORK — Demand for aluminum billet remains strong, and although market participants report more material entering the United States, supply is still tight and premiums remain at record-high levels.
The range for spot aluminum billet premiums has widened to 12 to 13 cents per pound from 12 to 12.75 cents previously, with one producer getting 13.5 cents this week for an uncharacteristic load.
"Right now, we’re trying to assess how much more our customers want and see if we can supply them or not," one producer source told AMM. "Our customers are still very optimistic for the upcoming months." ....
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