Mixed views on extruder’s pricing shift

Jun 25, 2014 | 04:22 PM | Daniel Fitzgerald

Tags  Wakefield-Vette, aluminum, aluminum pricing, Midwest premium, London Metal Exchange prices, aluminum extrusions, Paul-Henri Chevalier, Midwest average bimonthly pricing

NEW YORK — Thermal aluminum extrusion manufacturer Wakefield-Vette Inc.’s shift to a bimonthly pricing model in an effort to cope with aluminum price volatility is drawing mixed reactions from industry players.

"Yes, the change they announced would temper to some degree large movements in pricing, particularly for ‘order date pricing’ customers. Here, if we have customers that try to manipulate, we just tell them we are going to change the price for ‘out of place or unusual order volume changes’ to what it would have been if it was handled normally. We don’t have regular problems with this because we have regular long-term customers that understand we won’t allow this during large pricing swings," one extrusion company executive told AMM, noting that his company would "take a look at this option."....

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