News

June 2018 Aluminum UpdateJune 4, 2018

The price for purchased material in June rose $0.03 per pound based on May’s closing Midwest Average of $1.26 per lb, rounded to 2 places.  Aluminum pricing is trending up, and it appears this increase trend will be ongoing due to the recent increase of tariffs on aluminum coming from Canada and Mexico.

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May 2018 aluminum updateMay 1, 2018

On April 6th, the US imposed sanctions on Russian aluminum producer Rusal, which supplied large amounts of aluminum to the US.  This drove a sharp increase in prices, affecting both the LME and Midwest spot premium.  Due to these sanctions, Midwest Avg. rose to $1.23 per lb, up $0.10 per lb from where […]

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March 2018 updateMarch 1, 2018

Material cost went up $0.02 per lb in March based on the published Midwest Average of $1.13 per lb (rounded to 2 places).  This is primarily due to an increase in conversion cost to billet. On a side note, MEA received our certification to the ISO 9001:2015 standard!  Current cert is […]

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February 2018 material cost updateFebruary 1, 2018

Raw material cost is increasing for the month of February due to a jump in the Midwest Average in January.  January’s Midwest Average rounded to two decimals ended at $1.11 per lb, which is up $0.08 per lb from December’s Average of $1.03 per lb.  It appears, based on current trading, that prices may continue […]

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January 2018 price decreaseJanuary 4, 2018

Raw material prices dropped this month due to a decrease of $0.02 per lb in December’s Midwest Average. A preliminary look at the traded price in January, though, is indicating an increase in prices in February.

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    Jackson, MI 49203

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