The US aluminium billet premium rose to its highest point in nearly nine months on Friday July 31, with billet producers securing higher spot premiums while the automotive and construction sectors continued to recover from Covid-19-related disruptions.
Fastmarkets assessed the aluminium 6063 extrusion billet premium, delivered Midwest US at 7-9 cents per lb on July 31, narrowing upward from 6-9 cents per lb on July 17 and its highest level since November 7.Billet demand continued to improve as extruders ramp up production. While some extruders are still catching up on contract volumes, others have been...