High P1020 premiums challenge auto: GM

Jan 14, 2014 | 03:34 PM | Michael Cowden

Tags  General Motors, Saber Haidous, aluminum, steel, aluminum premiums, aluminum prices, automotive, Michael Cowden

FORT LAUDERDALE, Fla. — Aluminum has a big role to play in the automotive market, but high and volatile regional premiums are creating challenges for the industry, a General Motors Co. executive said.

"I have not heard a convincing explanation about why premiums went so high. For God’s sake, it’s like the premium is the base price and the price of aluminum is the premium," Saber Haidous, Detroit-based GM’s global commodity manager of global purchasing and supply chain, said Jan. 14 at the Platts Aluminum Symposium in Fort Lauderdale, Fla.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results