NASAACNorth American Special Aluminum Alloy Contract
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Buyers such as Goldstein, who helps purchase aluminum scrap for Lorbec's Noral Alloys foundry in Laval, Quebec, are concerned that Chinese buyers can continue to offer prices above those offered by North American buyers pegging themselves to the NASAAC number.
We're going to support the NASAAC," declared Daniel Bealko, a global commodity manager with General Motors.
says the scrap company views the NASAAC as "another tool to help us manage our risk.