Scrap flows, spreads hurt Aleris in 1st qtr.

May 09, 2013 | 05:15 PM | Nathan Laliberte

Tags  Aleris International, Aleris, Steven Demetriou, London Metal Exchange, LME, aluminum, scrap, Nathan Laliberte

NEW YORK — Tight scrap flows and low spreads weighed on Aleris International Inc.’s first-quarter earnings, as weak prices on the London Metal Exchange continued to present significant challenges to near-term growth, company executives said on an earnings call May 9.
Chairman and chief executive officer Steven J. Demetriou said that the company’s global recycling segment continued to experience negative margin pressure in the face of strong demand. ....

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