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GM said still seeking Nasaac-based contract

Keywords: Tags  General Motors, Nasaac, A380.1 alloy, secondary aluminum alloy, 2013 contracts, Daniel Fitzgerald


NEW YORK — General Motors Co. continues to pursue a 2013 contract that utilizes the North American special aluminum alloy contract (Nasaac) despite many alloy producers refusing to incorporate the contract into their pricing for next year, secondary aluminum sources told AMM.

The contract standoff between secondary aluminum producers and GM has yet to be resolved despite the approach of the holiday season, sources said.

"As far as GM goes, I don’t think they’ve made any decision about Nasaac. Usually it’s not this late. ... I’d say they’re waiting. They like Nasaac because they’re buying it cheap," one die caster said.

"GM is still saying you’ve got to quote Nasaac. We’ll see who blinks first. Either GM will run out of metal or the people who rely on GM will run out of business," an alloy producer added.

A spokesman for Detroit-based GM declined to comment on the negotiations.

Secondary aluminum producers have reported their dissatisfaction with Nasaac throughout 2012, with several saying they wouldn’t use Nasaac-based pricing for the coming year (amm.com, Sept. 14).

Aleris International Inc. announced in October that it would discontinue using Nasaac in its pricing formulas due to a disconnect with the underlying cost of raw materials (amm.com, Oct. 9).


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