Some optimism seen in billet market
May 13, 2013 | 01:56 PM
| Michael Cowden
CHICAGO Market participants remain divided on whether the aluminum billet market is seeing an uptick in demand after a slow first quarter, with some contending that building and construction activity is picking up and others reporting little change in order entry rates.
The billet market remained slow through April, most market players agreed, but some said this past week that May is looking much better than the previous month and that June is shaping up to be even stronger.
"Its looking a little better. Its not great, but weve got enough to keep our plants busy," a billet producer said. "We hadnt seen the seasonality kick in. So maybe thats what were starting to see."
The producers company made some recent spot deals with a billet premium of 12 to 13 cents per pound, he said, but acknowledged that the orders with higher premiums were for smaller volumes.....
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