Novelis Europe Announces Magnesium Surcharge on Aluminium Products.
PR Newswire Europe, February, 2008
ZURICH, Switzerland, February 1 /PRNewswire/ --
Novelis Europe today announced that it will introduce a magnesium surcharge for all standard and painted aluminium sheet products sold into the distributor, building and industrial markets. Magnesium is a common alloying element used in many aluminium products.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070809/NOVELISLOGO )
The surcharge is in response to the significant rise in global costs of magnesium and is effective for new orders with delivery after April 1, 2008, if not covered by an existing contractual agreement. The surcharge will be 15 Euros per tonne for every 1% of magnesium in the alloy concerned.
Novelis is the leading supplier of high quality aluminium sheet to the...
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