The United States Midwest aluminium premium rose to a nearly six-month high on Tuesday February 9, with market participants increasingly bullish amid expectations that the Section 232 tariffs will persist after US President Joe Biden showed a willingness to invoke those tariffs last week.
The Midwest premium is now at its highest level since mid-August 2020."Business is good. We've had inquiries. We have people buying metal. I think there's some serious issues because people didn't anticipate the volumes because business is strong, and I think discounting is disappearing. Metal...