Aluminum premiums hold, outlook improves

Jan 18, 2013 | 09:49 AM | Michael Cowden

Tags  Midwest premiums, aluminum, automotive, construction, nonferrous, Michael Cowden

CHICAGO — Midwest spot premiums for aluminum P1020 are holding steady, although market players generally expect both prices and demand to pick up in coming weeks and months.

Demand from the automotive sector has been strong, and some market players said that even the long-beleaguered construction sector is showing signs of a slow but steady resumption in activity.

"Automotive and transportation in general are extremely strong segments because of (increased fuel economy) standards that are pushing them to use more aluminum," one consumer said. Other markets, while not seeing the same growth, are largely holding steady, he said.....

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