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Aleris exec: market efficiency lags aluminum sales growth.

Publication: Metal Center News
Publication Date: 01-DEC-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
ALUMINUM PRODUCERS and distributors need to work more closely to reduce the "surge and purge mentality" that creates such wide swings in industry stocks and worsens the market's volatility, said Steven Demetriou of Aleris International in recent remarks to MSCI members.

Pointing to data on service center inventories over the past five years, he noted that inventory has increased along with sales--but profitability has lagged. He blamed this on both distributors and producers, who need to do a better job of sharing information to streamline the supply chain.

"From our standpoint, higher sales should result in improved productivity, improved working capital, improved turns. But we are not seeing that in this industry, with low turns and...

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