The US spot 6063 aluminium billet premium rose again in early April, and industry participants foresee further tightness in the market following the announcement of US sanctions against Russian aluminium producer UC Rusal.
American Metal Market's latest assessment of the spot 6063 extrusion billet upcharge came to 13-13.5 cents per pound on Friday April 6, up from 11-13 cents per pound in mid-March and reflecting recently concluded deals."The billet market has been very tight with the ongoing strike at the ABI [Aluminerie de B?(C)cancour Inc] smelter, strong demand in the United Stated and imports not coming in as they used to," one US-based industry...