Nichols favors conversion fee over surcharge
Jul 13, 2012 | 04:11 PM
| Daniel Fitzgerald
NEW YORK Nichols Aluminum LLC said it is more likely to raise its conversion fee to offset tightening spreads on aluminum scrap rather than implement a surcharge on its sales of building-grade aluminum products.
Jupiter Aluminum Corp. and JW Aluminum Co. recently announced they would be adding 5-cent-per-pound surcharges on all orders, each citing increased raw material costs as a crucial factor in the decision (AMM, July 2).
However, a spokesman for Nichols parent company Quanex Building Products Corp. said that Nichols was unlikely to follow suit, despite operating in a similar market space to Jupiter and JW.....
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