Quanex hurt by tight metal spreads

Jun 07, 2013 | 05:14 PM | Michael Cowden

Tags  Quanex Building Products, Nichols Aluminum, scrap, ERP, engineered products, windows, R&R, construction earnings report

CHICAGO — Quanex Building Products Corp. continued to spill red ink as a tight scrap market and low aluminum prices hammered its Nichols Aluminum LLC subsidiary and sluggish demand for high-end windows for the repair and remodeling (R&R) sector hurt its engineered products group.

New housing starts have increased thanks to growing demand for multifamily units, but the R&R window market has "remained challenging," the Houston-based company said. While Quanex said it expects window shipments to gain in 2013, it predicts that most of the increase will be for low-end windows for the new-construction sector instead of high-end windows for R&R, where Quanex has a stronger presence.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results

AMM Events