Aerospace aluminum plate price rise sticks

May 14, 2012 | 03:49 PM | Frank Haflich

Tags  aluminum, aluminum plate, aerospace, A. M. Castle, Reliance Steel & Aluminum, Gregg J. Mollins, Michael Goldberg, Frank Haflich

LOS ANGELES — A price hike on aerospace aluminum plate this year appears to have stuck and the market could be in store for further tightening, service center executives and sources said.

An increase in heat-treat aluminum plate "should be indicative of a better market," Michael Goldberg, who until last week was president and chief executive officer at A.M. Castle & Co., told analysts on a recent conference call. ....

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