Subscriber note: Platts to add new US price assessment for B390 alloy

Following a period of industry feedback, Platts has made a final decision to begin a new twice-weekly price assessment for B390 secondary aluminum alloy, delivered US Midwest, effective June 10. The specifications will be: US B390.1 -- 16-18% Si, 1.3% max Fe, 4.0-5.0% Cu, 0.50% Mn, 0.45-0.65% Mg, 0.10% Ni, 1.4% Zn and 0.20% Ti. Platts will assess the B390.1 market twice a week on Mondays and Thursdays (except for changes during holiday weeks). The assessment will reflect B390.1 for Midwest delivery within 30 days, delivered customer works, payment net-30 to net-60 days, 45,000-lb truckload amounts. The assessment will be published in a narrow low-high range reflecting the majority of concluded deals, bids and offers reported through a survey of US secondary aluminum smelters, diecasters, foundries, automotive companies, traders and brokers. Please address any feedback or questions to: Tina Allagh, 202-383-2257, tina.allagh@platts.com; or Sarah Baltic, 412-431-0416, sarah.baltic@platts.com.