Billet market continues to await ABI deal

Dec 05, 2012 | 04:56 PM | Daniel Fitzgerald

Tags  aluminum billet premiums, aluminum billet, Alcoa, ABI, Aluminerie de Becancour, Daniel Fitzgerald

NEW YORK — North American aluminum billet producers and consumers say that the spot market is effectively "dead" as the industry continues to move into year-end inventory control and awaits the outcome of labor contract discussions at Alcoa Inc.’s Aluminerie de Bécancour (ABI) smelter in Quebec.

Several producers told AMM that they hadn’t made any spot deals recently, with premiums unchanged from their current range of 11 to 13 cents per pound.....





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