Aluminum billet market upbeat on 2013
Nov 08, 2012 | 03:49 PM
| Suzy Waite
Tags
aluminum,
billet,
Presdient Obama,
automotive,
solar energy,
wind energy,
Suzy Waite
NEW YORK — Aluminum billet producers and consumers are fairly upbeat heading into year-end as most of their 2013 contract business is booked and demand is expected to remain reasonably robust next year on the back of strong automotive markets and a recovering building and construction sector.
Tight supply has meant producers have successfully raised contract premiums for next year by 2 and 3.25 cents per pound (amm.com, Sept. 27), with producers and consumers confirming to AMM that they had locked in business at 12 cents per pound for next year.....
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