Premiums for primary foundry alloy in the United States and Europe were unchanged on Friday January 10 in an illiquid global market.
Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot/T-bar premium, dlvd dup over P1020A Midwest US at 7-10 cents per lb on Friday, unchanged from the previous monthly assessment and holding at an all-time low.With limited spot opportunities and abundant supply, foundry alloy premiums began trending downward in March 2019. The latest assessment puts the premium down 48.5%...