The US primary foundry alloy premium has hit an all-time low, with oversupply in the region the main reason for the downtrend.
Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot/T-bar premium dlvd dup over P1020A Midwest US at 6-9 cents per lb on Friday February 14, down a penny from the previous all-time low of 7-10 cents per lb set on December 13 and maintained in January's assessment."There's so little demand... We and our competitors are always looking for ways to...