US aluminium billet upcharge moves up on ABI lockout

The US aluminium billet upcharge has moved up over the past week, with market participants sharing mixed takes on the effect an ongoing lockout at a Canadian smelter is having on premiums.

American Metal Market assessed the spot 6063 billet upcharge at 10.75-12.75 cents per lb on February 2, up from 10.5-12.5 cents per lb previously.
According to market participants, the ongoing lockout at the Aluminerie de Bécancour Inc (ABI) smelter in Quebec is the primary factor pushing premiums up, and some reported hearing spot billet offers above 13 cents per lb.

“Premiums are...

Published

Kirk Maltais

February 05, 2018

01:53 GMT