Copying and distributing are prohibited without permission of the publisher
(AMM) Aluminum distributors welcome market uptick in July
July 30, 2010 - 21:47 GMT
Location:
New York
KEYWORDS:
aluminum
,
distribution
,
service center
July has proven to be a stronger month for the aluminum distribution sector than market participants had originally feared, with many service centers reporting stable sales volumes in the traditionally sluggish month and some even calling July the best month in recent history.
"We're very, very busy. This is our best month in two years," one domestic service center source said. "Each month this year has been significantly better than the month before. We're really having a fantastic run. All the major industries are very active, and we continue to see a sustainable upward trend."
A second source agreed that activity in the aluminum distribution sector has continued to improve, albeit moderately, into July. "July is better than June. We're actually seeing our business slightly up. It's not overwhelming, but it makes us feel better about things," he said. "Right now things are pretty stable. It's been a decent market."
Not every player in the sector has logged an uptick, however, with one service center source telling AMM that his company's volumes are down 15 percent in July over June as...
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.
If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.
Subscribe
A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.
Subscribe
Free trial
Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.
Free trial