US spot aluminum billet premiums flat

Jan 31, 2013 | 04:48 PM | Michael Cowden

Tags  billet premium, aluminum, 6063, Alcoa, ABI, USW, longshoremen, labor negotiations Michael Cowden

CHICAGO — Aluminum billet premiums remained unchanged this week amid steady demand.

The "billet market is definitely getting on more solid ground as spring and summer approach," one producer said, although he added that he hadn’t seen "much change in the spot premium."

As a result, AMM has left its aluminum billet premium at 12 to 13 cents per pound.

The producer said his company has transacted three to four spot deals for January and February at between 11 and 13 cents per pound, while a second producer said his company transacted "a few million pounds" of business in January and February at 12.5 to 13 cents per pound.....





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