Alcoa Global Commercial Transportation and Industrial Products announces Price Increases
11/8/2012
Düsseldorf, Germany – November 8, 2012 - Alcoa Global Commercial Transportation and Industrial Products announces today with immediate effect a price increase on its conversion prices for their Distribution business for all mill finish Commercial Rolled Products including General Engineering Plates produced in Europe.

For all January 2013 orders placed on or after November 8th 2012, a 60 €/MT increase on the base conversion revenue is effective. For agreements extending beyond January, these will be subject to a separate review. All existing orders and binding agreements confirmed before November 8th 2012 will be honored.
 
“The adaptation of prices is a result of the metal premium increase and sustained pressure on both our costs and profitability in the rolled products business over recent months.” says Bernd Schäfer, Commercial Vice President Global Commercial Transportation and Industrial.
 
More information about Alcoa can be found at www.alcoa.com/grp 
 
About Alcoa
Alcoa is the world’s leading producer of primary and fabricated aluminum, as well as the world’s largest miner of bauxite and refiner of alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa’s operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for 10 consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 61,000 people in 31 countries across the world. More information can be found at www.alcoa.com.