Aluminum billet demand inches higher
Mar 01, 2013 | 01:07 PM
| Michael Cowden
CHICAGO Demand for aluminum billet has improved modestly in the run-up to spring, according to market sources.
Some players in the North American billet market said the increased activity appears to be the result of customers looking to lock-in material at low prices on the London Metal Exchange, where cash aluminum prices have held below the symbolic $2,000-per-tonne mark for four days now.
Others chalked up brisker business to improving demand across a number of major end-use segments, from building and construction to the recreational vehicle (RV) sector.
"The curtainwall guys are going nuts right now," one billet producer said. Curtainwall, often made from aluminum, is used to frame glass on the outside of buildings. While the building and construction industry overall might be far from robust, certain sectors of it are "coming out of the basement," the producer said.....
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