Aluminum deox prices fall sharply in Oct.
Nov 04, 2013 | 02:49 PM
| Nathan Laliberte
NEW YORK Prices for deoxidized aluminum, a key component in steelmaking, declined significantly in October as heavy competition among producers coupled with limited demand weakened the market.
Most producers said prices at the start of October hovered around 93 to 95 cents per pound, down 2 cents from mid-September. However, by months end prices moved to around 89 to 92 cents per pound, down about 1.5 cents from the end of September (amm.com, Oct. 4).
Despite stable raw materials costs and a relatively unchanged secondary alloy market, deox producers continued to complain of a "sinking spot market" caused by a group of producers willing to sell material at "well below market levels," sources said.....
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