Aleris swings to a second-quarter loss

Aug 01, 2013 | 04:00 PM | Michael Cowden

Tags  Aleris International, Steven Demetriou, quarterly earnings, aluminum, scrap, aerospace, automotive, building construction

CHICAGO — Aleris International Inc. swung to a loss in the second quarter as tight scrap and specification alloy spreads, an aerospace inventory overhang and weaker-than-expected building and construction demand dented results, it said Aug. 1.

Aleris recorded a net loss of $11.7 million in the second quarter as revenue slipped 3.7 percent to $1.1 billion over the same period.....

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