Long-term aluminum alloy contracts risky: Stena
Nov 21, 2012 | 10:11 AM
| Claire Hack
Tags
Aluminum,
scrap,
Salzburg,
Stena Aluminium,
Fredrik Petterson,
Metal Bulletin,
Claire Hack
SALZBURG, Austria — Long-term secondary aluminum contracts are on the wane as prices remain volatile in Europe, according to Fredrik Petterson, managing director of Sweden’s Stena Aluminium AB.
“We put our business at risk if we go into longer-term contracts. From time to time we see that the correlation (with the London Metal Exchange) is good, but then it goes away again,” he told delegates at the recent AMM sister publication Metal Bulletin’s 20th International Recycled....
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