Aluminum centers’ shipments slip in February

Mar 17, 2014 | 03:48 PM | Michael Cowden

Tags  Metals Service Center Institute, MSCI, aluminum shipments, aluminum inventories, Michael Cowden

CHICAGO — North American service centers’ aluminum shipments slipped in February as severe weather slowed production and snarled transportation in much of the United States and Canada.

But while most market sources contacted by AMM remain bullish about 2014, especially as temperatures rise, some said they are increasingly concerned about fallout from Russia’s involvement in Ukraine and potential disruptions to the aluminum market.

“Our business was definitely impacted by weather in February,” one service center source said. “Commercial and residential construction came to a standstill.” But orders have rebounded in March “across the board,” he said, noting that his company is upbeat on 2014.

That sentiment was shared by others, who noted stronger March orders across a variety of products and markets.....

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