Producers successfully tested higher offers across alloy grades this week, with demand continuing to strengthen in the market.
“We remain busy and have had to turn some spot business down because our capacity is full for now,” one producer said.
“In general,” a second producer said, “business is picking up and things are getting back to normal.”
Fastmarkets assessed the price of aluminium alloy A380.1, delivered Midwest, at 72-74 cents per lb on September 3, up by 2.1% from 70-73 cents per lb in the previous week’s assessment. The price was now at its highest point since July 10, 2019.
No offers were heard below 72 cents per lb, but several...