Aluminum billet premiums steady

Dec 05, 2013 | 04:40 PM | Michael Cowden

Tags  aluminum billet, billet premium, Midwest 6063, London Metal Exchange, LME, aluminum price, production cuts, aluminum Michael Cowden

CHICAGO — Aluminum billet premiums remained flat in a slow year-end market characterized by little spot availability and mounting concerns about the potential impact of low metals prices on the London Metal Exchange.

AMM’s spot Midwest 6063 extrusion billet upcharge premiums remain unchanged at 11.5 to 12.5 cents per pound.

Some market sources said they expect premiums to ease as producers look to unload metal before year-end. But others said they had already tested spot waters and found no discounts available, a trend contrary to past years that have seen year-end spot fire sales as contract negotiations conclude.....

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