Producers call for change as Nasaac tumbles

Apr 18, 2013 | 05:04 PM | Nathan Laliberte

Tags  North American special aluminum alloy contract, Nasaac, Alan Dick, Alpert & Alpert Iron & Metal, London Metal Exchange, LME, Institute of Scrap Recycling Industries, ISRI aluminum alloys

NEW YORK — A decline in the price of the London Metal Exchange’s cash North American special aluminum alloy contract (Nasaac) has prompted some domestic alloy producers and die casters to once again re-evaluate the legitimacy of the contract, sources said.

Nasaac plummeted to its lowest level in nearly three and a half years April 15, closing at $1,741 per tonne (79 cents per pound), down 13.7 percent from $2,017 per tonne (91.5 cents per pound) a year ago.....





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