US foundry alloy premium flat on quiet 2018 start
The latest assessment of the US foundry alloy premium was unchanged at 9-11 cents per pound, which market participants attributed to a slow start in the spot market thus far this year.
“We haven’t seen any change in [prime foundry alloy] – slow start to the year,” one supplier source confirmed. “The ABI thing may change that, but [we] haven’t seen the effects yet.”
Unionized employees at the Aluminerie de Bécancour Inc (ABI) aluminum smelter in the...