Aluminum shipments slip in weaker summer

Aug 16, 2012 | 02:46 PM | Suzy Waite

Tags  Metals Service Center Institute, MSCI, Constellium, aluminum, Suzy Waite

NEW YORK — U.S. aluminum shipments by service centers dropped nearly 6 percent in July from the prior month due to sluggish summer demand, although distributors remain optimistic about the second half of the year as lead times for aerospace alloys in particular remain long.

"July was slow, but we’re already seeing an uptick in August, and future bookings into September are significantly ahead of August," one aluminum service center source told AMM. "Generally speaking, things are good. This is a momentary ripple in what is otherwise a tsunami of good news." ....

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