Billet prices gain on pent-up optimism
Mar 10, 2014 | 03:44 PM
| Michael Cowden
CHICAGO Aluminum billet upcharges have increased on expectations of stronger demand in the spring and summer months, supply constraints and a continued tight scrap market, according to market sources.
AMMs spot Midwest 6063 extrusion billet upcharges have risen to 13 to 13.5 cents per pound from 12 to 13 cents previously.
Market sources expressed optimism about sectors as diverse as building and ground and marine transportation, predicting that metal could become tight if strong demand persists into the second half of the year as anticipated.
Several market sources said they were banking on improved demand from the construction sector, especially in the Midwest and Northeast, where cold weather has hampered activity to date.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.