Titanium surcharges down sharply in 1st qtr.
Jan 02, 2013 | 05:34 PM
| Frank Haflich
LOS ANGELES A key raw material surcharge for titanium has taken its biggest tumble in nearly two years, dampening expectations for a quick first-quarter pickup in mill product spot pricing.
Monroe, N.C.-based Allvac Inc., a unit of Pittsburgh-based Allegheny Technologies Inc., has lowered its first-quarter raw material surcharge for benchmark aerospace alloy titanium 6 aluminum/4 vanadium bar and flat products to $5.64 per pound, down 15.4 percent from $6.67 in the fourth quarter of last year. It cut its first-quarter billet surcharge by 15.3 percent to $5.14 per pound.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.