‘Radical’ action needed to fix aluminum market: BCG
Jun 25, 2013 | 12:27 PM
| Michael Cowden
CHICAGO Aluminum companies need to take "radical steps" to survive a market plagued by overcapacity, low prices and intense competition, according to a recent report by Boston Consulting Group (BCG).
"As margins dwindle, the aluminum industry sits on a very expensive asset base that needs higher profits to generate sufficient returns," BCG said in the June 24 report.
Aluminum "entirely missed the commodity super cycle " with prices for the light metal, adjusted for inflation, below levels seen in 2000, BCG said. Steel prices, in comparison, gained more than 100 percent and copper prices as much as 350 percent, the group said.....
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