Aluminum alloy makers preparing to cut output

Mar 22, 2013 | 02:19 PM | Nathan Laliberte

Tags  aluminum scrap, A380.1, A360.1, A413.1, smelters, LME, Nasaac, Nathan Laliberte

NEW YORK — Producers of secondary aluminum alloys are preparing for production cutbacks, namely for spot A380.1 material, as shrinking margins and high scrap prices continue to create unfavorable conditions, sources say.
“We are no longer selling as much 380 as we used to, largely because of tight margins,” one alloy producer said. “Instead of selling at an unfavorable price, we simply won’t sell it. We’re hoping that scrap will come off slightly once the weather turns a little warmer and supplies come back. At this point, we are focusing on other alloys that will make us money. I know other producers are taking a similar route.” ....





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