The deal was done for delivery of over 1,000 tonnes of aluminium per month from July to September, he said.
The company and other traders earlier settled third-quarter Main Japan Port (MJP) premiums
with BHP Billiton at $400 per tonne on cif basis.
“In 2014 our premium budget was $250-300 [per tonne] but now premium is $400 [per tonne], bringing a loss of $100 per tonne,” he said, adding, “[Our] proft margins [are] squeezed and this is a big problem.”
The rolling mill was able to pass on the high premiums to...