Midwest aluminum premiums narrow

Mar 27, 2014 | 10:21 AM | Michael Cowden

Tags  Midwest premium, P1020, regional premiums, freight, logistics, scrap, Russia, automotive building and construction

CHICAGO — Midwest aluminum premiums remain on a steady downward course as buyers appear to be winning a tug of war on price.

AMM’s spot P1020 premium narrowed to 18.15 to 18.25 cents per pound March 26 from 18.15 to 18.5 cents previously.

Several suppliers reported making offers as high as 18.5 cents per pound while some consumers said they were looking to pay no more than 18 cents per pound, and recorded transactions fell in the lower half of that range.....

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