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Noranda Aluminum says demand patterns remain stable
Edited by : AL CIRCLE
1 min read
Within the recent environment of global economic uncertainty, the Company has observed that demand patterns remain stable across the integrated business and the rate of raw material input costs inflation has slowed. For fourth quarter 2011, the Company expects to experience seasonal demand patterns comparable to those seen in fourth quarter 2010 for value-added primary aluminum products such as billet and rod, and for flat rolled products. Despite this seasonal decline in value-added products demand, the Company expects primary aluminum segment total volume for 2011 as a whole to be at or near capacity. Contract renewal and production planning processes for 2012 are ongoing. While the Company’s customers remain cautious in their 2012 forecasts, preliminary indications are that North American consumption conditions are stable. As such, the Company
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