SG:Hydro raises price for standard rolled aluminium products
For shipments in the calendar month January 2013, the conversion price (plus LME) of 1050 alloy standard sheet will be increased by EUR 35 per tonne or EUR 30 per tonnes while the same price for 5754 alloy standard sheet will rise by EUR 65 per tonne.
For long term supply agreements, an alternative solution is possible, either with variable price elements or with an additional security charge to cover further cost increases.
Mr Wolfgang Rempe head of the General Engineering business unit said that "By taking this measure, we pass on costs that we cannot influence to the market. Also in a challenging market environment, we aim to safeguard a short notice and flexible supply of our semi finished products to Hydro's customers thereby helping to reduce the operating capital bound across the entire supply chain."
