Aleris logs loss on low prices, harsh winter

Mar 10, 2014 | 10:52 AM | Michael Cowden

Tags  Aleris, earnings report, Steven Demetriou, aluminum, Michael Cowden

CHICAGO — Aleris International Inc. swung to a loss in 2013 on softer aluminum prices, lower prices for its products and reduced sales volumes.

Tighter scrap and metal spreads also hurt results (amm.com, March 10), as well as reduced rolling margins, the Cleveland-based aluminum company said in commentary released with its earnings results March 10.

“Despite our best efforts ... 2013 was a disappointing year, and we are sharply focused on improving productivity and driving better performance in 2014,” Aleris chairman and chief executive officer Steven J. Demetriou said in a statement.....





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