Aluminum billet upcharge holding
Apr 11, 2014 | 05:44 PM
| Michael Cowden
CHICAGO Aluminum billet upcharge remained unchanged as market players were divided about the strength of the market.
AMMs 6063 extrusion billet upcharge remains steady at 13 to 13.75 cents per pound.
While some billet producers insisted higher prices characterized the markets, several consumers contended that prices over 14 cents were not representative and likely reflected distressed deals or transactions for niche lengths or diameters.
Some consumers accused producers of trying to talk up the market by using what they considered bogus reasons such as a planned outage last month at Montreal-based Rio Tinto Alcan Inc.s Arvida smelter in the SaguenayLac-Saint-Jean region of Quebec (amm.com, March 6). ....
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