Battle ahead in aluminum billet contract talks
Aug 16, 2013 | 05:13 PM
| Michael Cowden
CHICAGO Billet contract negotiations for 2014 could be difficult as the outlook clouds just as talks begin and spot premiums slip on weaker-than-expected demand and abundant metal availability.
AMMs billet premium range dropped to 10.75 to 12.25 cents from 11 to 12.50 cents previously.
"At the moment there is surplus metal," one consumer source said. "And when you look at overall demand, its not as strong as some people had hoped it would be." Producers may try to hold the line in the face of increased costs, but the marketand not costsultimately determine premiums, he said.....
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