US aluminum billet premiums stay steady
Jan 11, 2013 | 04:18 PM
| Suzy Waite
Tags
Aluminum,
billet,
Alcoa,
ABI,
premiums,
automotive,
construction,
marine
Suzy Waite
NEW YORK — Few spot deals for aluminum billet closed in the past week on a combination of seasonality and high consumer inventory levels.
Tepid activity kept spot premiums between 11 and 13 cents per pound, but few sources said they were concerned about the lackluster kickoff to 2013 as they expect the automotive and construction markets to keep producers and extruders busy this year.
"(Our consumers) are expecting 2013 to be at least as good as 2012," one producer source told AMM. "Automotive will be good; housing will be better. Things will come back. It’s all part of seasonality."
The slow start was typical, a second producer source said. "Automotive is strong and I have to think that’s going to drag everything along with it. And with construction, even a modest rebound is going to help the industry. I find people have short-term memories (and) forget what seasonality is." ....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here