Titanium surcharge continues slide
Jan 02, 2014 | 04:27 PM
| Frank Haflich
LOS ANGELES A key titanium surcharge continued to fall in the first quarter as buyers look for signs that the price-cutting that characterized much of last years fourth quarter might be easing.
Allvac Inc., a unit of Pittsburgh-based Allegheny Technologies Inc., lowered its first-quarter surcharge on standard aerospace titanium 6-aluminum/4-vanadium bar and flat products to $4.14 per pound, down 5 percent from $4.36 per pound in the fourth quarter, and applied similar surcharges on titanium 6/4 Eli (extra-low interstitial) bars, flats and billet. The Monroe, N.C.-based company also cut its surcharge for titanium 6/4 billet to $3.77 per pound, down 5 percent from $3.97 per pound in the previous....
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