Lean stocks to help aluminum survival: Kaiser
Nov 21, 2012 | 01:56 PM
| Suzy Waite
NEW YORK Lean inventories and strong end markets mean aluminum service centers and mills will survive if the economy worsens and markets tank next year, Kaiser Aluminum Corp. president, chief executive officer and chairman Jack Hockema told AMM Wednesday.
"Say the fiscal cliff isnt resolved and we go into a (financial) crisis. ... For us, service centers and other mills, the impact wont be nearly as severe as it is in other recessions. This is a function of lean inventories in the total supply chain," he said.
"Inventories are so low in the whole pipeline now," Hockema said. "We wont see a 30- or 40-percent decline (like in 2008). I always worry about an economic downturn, but Im less concerned now because inventories are so lean."....
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