PRICE INCREASE ON ALUMINUM ROLLED PRODUCTS IN EUROPE
To stay in line with the European market, Novelis Inc., a manufacturer of aluminum rolled products and aluminum can recycling, recently announced a price increase in coil-coated sheet products for the building and construction, transport and industrial markets.
Posted: September 21, 2010
Novelis (Zurich, Switzerland) announced that it is increasing the prices of the specialty sheet products that it sells to European distribution and industrial customers. The company's fabrication charge will increase by up to 100 Euros per ton, depending on the product. The price change is effective for all new orders booked and for all shipments on or after October 1, 2010.
"Further to the price increase announced in May, we continue to see significant growth in order intake across all major sheet markets in Europe, as well as increases in aluminum spot premiums," said Tadeu Nardocci, senior vice president of Novelis Inc. and president of Novelis Europe. "This adjustment to our prices reflects that situation as well as metal and capacity limitations."
Similarly, the prices for coil-coated sheet products supplied by Novelis to the building and construction, transport and industrial markets are also being revised upwards in line with market and cost developments. Novelis is the leading supplier of high quality aluminum sheet to the European market.
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