Nichols favors conversion fee over surcharge

Jul 13, 2012 | 04:11 PM | Daniel Fitzgerald

Tags  nichols aluminum, quanex building products, alcoa, aleris, jupiter aluminum, jw aluminum, 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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