Gov't turmoil clouds aluminum centers' views

Oct 15, 2013 | 04:31 PM | Michael Cowden

Tags  Metals Service Center Institute, MSCI, aluminum, shipments, inventories, budget crisis, debt ceiling, automotive defense

CHICAGO — Service centers’ aluminum shipments were on a split path in September, with political brinkmanship in Washington and worries about a potential U.S. debt default further clouding the market, according to sources.

"I hate to sound like Malcolm X, but the chickens will come home to roost," one service center source said. "We don’t need to be manufacturing a crisis just as we’re finally getting over a major financial shock."

Despite an aerospace sector glut, the service center source said his company has seen strong growth in plate due to general engineering demand. Extrusion and cold-finished markets have been "holding their own" while sheet has seen "less slippage" than in previous years, he said.....





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