Loss fails to quash Century’s optimism
Feb 21, 2013 | 06:35 PM
| Michael Cowden
Tags
Century Aluminum,
Michael Bless,
earnings results,
Mount Holly project,
Ravenswood plant,
Hawesville smelter,
electricity costs,
aluminum
Michael Cowden
CHICAGO — Century Aluminum Co. remains cautiously optimistic about the prospects of the aluminum market in the United States and abroad despite posting a full-year net loss.
"We are witnessing a modest improvement in general market conditions," Michael Bless, president and chief executive officer of the Monterey, Calif.-based aluminum producer, said in a Feb. 21 earnings report. "In the U.S., our key markets remain generally strong, with encouraging conditions in important sectors such as transportation."
Abroad, economic activity in China has "at least stabilized," with signs of faster growth in the country emerging, Bless said. In the eurozone area, industrial activity remains depressed but the risk of a sovereign or banking crisis has eased, he added.....
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