Aluminum deliveries rise despite weather

Feb 18, 2014 | 06:04 PM | Michael Cowden

Tags  Metals Service Center Institute, MSCI, aluminum, aluminum service centers, Michael Cowden

CHICAGO — North American aluminum shipments posted month-on-month gains in January, even as snow and cold cut short or eliminated shipping days for service centers across much of the region.

However, despite a strong showing in the United States, some market sources said they were disappointed, especially given forecasts of double-digit growth.

Yet others said any improvement was welcome, given the severity of weather-related disruptions, and predicted that the coming months would see shipments fall in line with bullish forecasts.

"We were disappointed this year with January. But it was almost entirely because of a lack of shipping days at ours or our customers’ facilities," one service center source said, estimating that his company has partially or entirely lost as many as 10 percent of its shipping days to date in 2014.....

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