Metal availability a big challenge: executive
Mar 19, 2014 | 05:30 PM
| Michael Cowden
CORAL GABLES, Fla. Securing metalwhether billet, prime or scrapremains challenging due to stock financing deals and tight credit markets, one executive said.
That reduced metal availability has also led to higher prices and premiums for both aluminum consumers and their downstream customers, Bonnell Aluminum Inc. marketing manager Guy Charpentier said.
And no immediate relief is expected from new London Metal Exchange rules and a pullback in quantitative easing, he said.
The market dynamics have changed, and we have to consider other alternatives, Charpentier said at the Aluminum Extruders Councils (AECs) annual meeting and leadership conference in Coral Gables, Fla.....
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