Spot demand for aluminium billet in the United States has remained low, forcing producers to offer discounts in order to move material and pushing the 6063 extrusion billet upcharge to its lowest since late November 2017.
Fastmarkets AMM assessed the 6063 extrusion billet upcharge delivered to the US Midwest at 10-11 cents per lb on Friday May 10, slipping by a penny from 11-12 cents per lb in the previous assessment on April 26 and down by 34.4% year on year.Spot transactions have been thin since the start of the year, after extruders over-committed volumes during last year's contract negotiations. At the same time, extrusion...