Tinto Alcan Inc. plans to increase base prices on 6063
extrusion billet by 2 cents per pound on new business placed
for shipment by Jan. 1, it said in a letter to customers.
aluminum producer also said adjustments will be made to some
freight, cut length and billet alloy premiums, primarily for
1000- and 3000-series material.
In addition, Rio Tinto
Alcan plans to boost premiums on small-diameter
billetwith a diameter of 6 inches or lessbecause of
a "new business model" at its casthouse in Shawinigan,
The casthouse, which
makes small-diameter billet, is expected to continue operating
despite Rio Tinto Alcan announcing that its Shawinigan smelter
will be shut down. Instead of receiving liquid metal from a
smelter, the facility will operate as a remelter (
amm.com, Aug. 20).