Major alloy producers avoid Nasaac: Carey
Jun 25, 2013 | 05:32 PM
| Nathan Laliberte
NEW YORK As the die casting industry continues to scrutinize the North American special aluminum alloy contract (Nasaac), major domestic A380 alloy producers have informed consumers and suppliers they are unlikely to use the contract again, a top executive at Metal Conversions Ltd. said at AMMs Aluminum Summit in New York.
"Weve seen the commoditization of 380," said Rob Carey, president and principal of the Mansfield, Ohio-based company.
"At first, in 2003, I supported the (Nasaac) contract," he said, but the contract no longer reflects the actual market, he said.
Carey isnt the only industry player to express discontent with what he has called a "failed contract" (amm.com, Oct. 9). Major alloy producer Aleris International Inc. said in October it was planning to discontinue using pricing formulas based off the contract in favor of measurements that correspond more closely with its scrap purchasing costs (amm.com, Oct. 9); a few months later, the North American Die Casting Association (Nadca) filed a complaint with the London Metal Exchange claiming "significant issues with the effectiveness" of its Nasaac contract (amm.com, April 30).....
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