Aluminum plate sector said facing supply glut
Dec 28, 2012 | 01:32 PM
| Suzy Waite
Tags
service centers,
distribution,
aluminum,
Suzy Waite,
aerospace,
automotive,
suzy waite
LONDON — Excess capacity is likely to act as a major restraint on the market for 6061 aluminum plate in 2013, according to a number of service centers active in the market.
An expected surge in demand for aerospace-grade plate—2000- and 7000-series alloys—led to significant capacity increases over the past few years, but with demand for the material slower to take off than anticipated, mills have switched production to 6061, sources said.
Right now, there is plenty of 6061 plate inventory in the United States, one service center source told AMM. "It seems that all of the plate mills in the world during the last aerospace cycle doubled their capacity, and I don’t think aerospace demanded it. There is a lot of 6061 plate in the U.S. now, and we’re certainly not expecting any shortage."....
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