05 JANUARY 2012Metal Bulletin
UK secondary aluminium producers consider output cuts
Edited by : AL CIRCLE
1 min read
UK secondary aluminium producers are starting to consider production cutbacks in an attempt to regain margins that have been slashed by low ingot prices in Europe.
“Scrap prices are very firm, but ingot prices have been softening,” one producer said. “We’re contemplating easing production a bit.” Ingot prices remained stable on Wednesday January 4, as the market was quiet in its first two days back from the new year break, but margins remain perilously thin. Scrap prices were also unchanged on low sales volumes. UK producers are obliged to sell some of their ingots into Europe, as the domestic UK market is not big enough to absorb all...
“Scrap prices are very firm, but ingot prices have been softening,” one producer said. “We’re contemplating easing production a bit.” Ingot prices remained stable on Wednesday January 4, as the market was quiet in its first two days back from the new year break, but margins remain perilously thin. Scrap prices were also unchanged on low sales volumes. UK producers are obliged to sell some of their ingots into Europe, as the domestic UK market is not big enough to absorb all...
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