US aluminium billet upcharge holds at record high on tight supply

The US aluminium billet upcharge has remained steady at its all-time high this week, with market participants confirming continued difficulty in obtaining spot material.

“I called looking to buy metal. No one has anything,” one buyer source said. “If someone has some, it’s tucked in a corner in the southwest or southeast.”

American Metal Market’s latest assessment of the 6063 spot billet upcharge in the United States held at 16-18 cents per lb, where it has remained since mid-May. Market participants reported that spot activity has been quiet, largely...

Published

Kirk Maltais

June 05, 2018

03:36 GMT