Thursday, April 7, 2011

Alcoa (AA) Boosts Machine Cast Plate Prices

Alcoa (NYSE:AA) communicated with its rolled products customers in North America that it will be raising prices MIC6(c) precision machine cast plate.

Orders placed on or after April 6 or shipments after May 27 will include the new prices. Shipments after May 27 will override whatever prices were in place no matter what the date the order was made.

Alcoa said in an email to customers that it's raising prices for all gauges of MIC6(c) precision machine cast plate by 10 cents a pound.

Firm agreements in place before April 6 will be honored if they're confirmed before that time.

Alcoa was trading at $17.93, down $0.20, or 1.10 percent, as of 1:18 PM EDT.

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