AlCircle News Edited By "Debanjali Sengupta"
Debanjali Sengupta is a passionate content writer with 10 years of experience in Business writing, Web Content writing, Blogging, Editing and Research. She is responsible for generating and editing content for AlCircle Newsletter and other online and offline content for enhancing the brand value and its visibility among global users.
Canowater adds latest edition to its range of aluminium cans, designed by Christopher Raeburn
Canowater has revealed that it has introduced a brand new edition to its range of environmentally friendly water cans made out of aluminium and specially designed by Christopher Raeburn for London Zoo, since the zoo has decided to swap plastic water bottle for aluminium cans in order to lend a touch of advanced eco-friendliness to nature. A UK-based company Canowater, established in 2015, has always aimed at creating a “sustainable alternative to single-use plastic bottles” and therefore, decides to use aluminium instead of detrimental plastic for crafting water cans. "Aluminium has the highest recycling rate of any drink out there”, said company co-founder Josh White adding, "Recycle a can and it could be back on the shelf in as little as six weeks". Needless to say, that these specially...
EU to have immediate trade talks with Trump over the new aluminium, steel tariffs
The top United States and European Union officials announced yesterday that both US and EU agreed to have a round of discussion on trade issues of concerns, including the new aluminium and steel tariffs, which Donald Trump had threatened to impose from this Friday (March 23, 2018). The EU Trade Commissioner Cecilia Malmstrom met the US Secretary of Commerce Wilbur Ross in Washington with an aim to secure an exemption from Trump’s aluminium and steel tariffs on imported metals. At the end of the meeting, they jointly declared in a statement: “We have agreed to launch immediately a process of discussion with President Trump and the Trump administration on trade issues of common concern, including steel and aluminium, with a view to identifying mutually acceptable outcomes as rapidly as...
Aleris’ results for 4QFY17indicates a loss: Its aluminium recycling business bears criticism
Located at Cleveland, the reputed aluminium firm Aleris International, Inc. announced its result for the final quarter of 2017, as well as the full year. Both the results indicated an overall downfall. Certain tax items, peak start-up expenses, and write-offs from the sale of the company aluminium recycling business bear criticisms for the fall, among many other factors. Results for 4QFY17 The firm shipped 184 thousand tonnes of finished products in the final quarter of the year, slightly low year-on-year from the contemporary period of the prior year totalling 189 thousand tonnes. However, the revenue in the fourth quarter 2017 saved the predicament by attaining US$694 million, up from last year’s fourth quarter total of US$613 million. The commercial margin increased as well in the...
UAE looks for the new aluminium, steel tariffs exemption from US
After China and Russia, UAE holds a significant position as an aluminium exporter to the US. Being the third largest exporter, the nation is now seeking an exemption from the new aluminium, steel tariffs imposed by the Trump government on imported aluminium and steel. Countries like Bahrain, New Zealand, and Japan have already been asking for an exemption and now UAE joins them. A senior government official reported on Tuesday that UAE is asking Washington for an exemption from the tariffs and believes that it should be granted sooner or later. Since the United States has exempted its neighbouring countries Canada and Mexico and ready to exclude some of its allies too from the imposition of the tariffs, which levy 10 per cent on aluminium and 25 per cent on steel, UAE is hoping high for...
China’s Yunnan Aluminium targets 65% growth in 2018, while alumina output to 1.3 mil mt
China, being one of the most aspiring aluminium producers, targets new highs every year; while this year is no exception either. As reported by Platts, China’s Yunnan Aluminium has declared on Monday that it is aiming at producing 1.4 million tonnes of aluminium in the year 2018, up by 65.1 per cent as compared to the realized output in the prior year. This high target is particularly in reverence to the ramp-up of the newly commissioned expansion project. While the alumina and aluminium semi-producer secured a 3.4 per cent year-on-year hike in 2017, alumina output registered 847,800 tonnes in its annual report, filed to the Shenzhen Stock Exchange on Monday. It is believed that the company’s commencement of its trial production of 600,000 tonnes per year second phase alumina capacity...
Some aluminium, steel products might be excluded from U.S tariffs, says Japan Trade Minister
Japanese trade minister updated on Tuesday that there is a high chance of some Japanese steel and aluminium products to be exempted from the new US tariffs; reason being the products are not quickly replaceable. “I think there is a high chance that Japanese steel and aluminium products would be exempted from the new tariffs on a per-item basis, as they contribute greatly to U.S. industries and many of them have little substitute,” the minister told a news conference. While US President Donald Trump has proclaimed to impose 25 per cent import tariffs on steel and 10 per cent on aluminium, he, at the same time, has released Canada and Mexico from the tariffs and proposed the same offer to other allies. Trump’s proclamation has also allowed importers to appeal for an exemption on some of...
Forty-five US trade groups urging Trump to withhold steel, aluminium tariffs on China
There is already a long queue of companies and associations in US, urging the government to withhold steel, aluminium tariff plans on China. In a very recent time, Forty-five US trade associations, representing some of the largest companies in the country, have also joined the queue and signed a petition to Trump administration to halt plans to levy tariffs on China. They even urge in the petition to President Trump to join hands with other nations and press Beijing to end restrictions on foreign firms. This petition is signed after a careful analysis that the imposition of steel, aluminium tariffs on China may particularly harm the US economy and consumers. Forty-five US trade associations have also warned the President in the letter about the adverse effect on financial markets, a price...
AAI organised One Day National Seminar on Development of Special Alloys and Composites of Aluminium for New India
The city, known for its prodigious business hub or popularly recognised as the economic capital of India - Mumbai witnessed a prestigious One Day National Seminar on Development of Special Alloys and Composites of Aluminum for New India on 16th of March, 2018, organised by Aluminium Association of India (AAI), in association with Hindalco. The seminar was held in one of the plush venues in Mumbai, 18.99 Latitude Banquets, 4th Floor, Trade View building, situated at the prime location of the city, Lower Parel, Oasis Complex, Kamala Mills, Gate No.4. Purpose of the seminar The seminar was held in Mumbai by Aluminium Association of India (AAI), an apex body of all aluminium industries in the country, in association with the primary producers of Aluminium and leading ancillary and Downstream...
A high rate of GST destroys aluminium recycling units, says industry
The Goods and Services Tax (GST), even after being introduced eight months ago, is still stirring a storm among businessmen from all industries, including aluminium. A high rate of the tax, with no provision for refund, has been persistently threatening to demote the aluminium recycling industry, a majority of which are MSMEs, reported by the representatives on Saturday. “The aluminium recycling industry, which is represented by around 5,000 Micro Small and Medium Enterprises, is severely affected by the accumulation of GST due to over-valuation of imports of aluminium scrap by the Customs,” said Mahendra Shah, president of the All India Non-Ferrous Metal Exim Association, an official body of aluminium recycling industry that depends largely on imported metal scrap. Mr. Shah further...
Requests for aluminium, steel tariffs exclusion accepted by US Government from today
Ever since US President Donald Trump has imposed heavy tariffs on imported steel and aluminium for reviving unfair business practices within the nation, a series of apprises related to it is crossing our path. Now the latest news is the US Commerce Department is all set to begin accepting requests for product exclusions from President Donald Trump’s new steel and aluminium import tariffs from Monday. However, the agency might take up to 90 days for making the determinations. The Commerce Department mentioned in a notice published on Saturday on the Federal Register website that the effective date would be 19th of March, 2018 for declaring the rules and procedures for the requests. Agency officials also revealed at the weekend that they are anticipating to be receiving around 4,500...
Bauxite shortage in China is impeding alumina restart in the country
About 30 percent production of alumina refineries and aluminium smelters was cut in many parts of China, including Henan, during November 2017 to March 2018 for bringing the air pollution in check. March 15 was the date they were looking forward to for restarting the alumina production after clearing all the environmental and legal pre-requisites. But now, a new hindrance seems to have interrupted their initiation. The rising costs and meagre supply of raw material bauxite may delay the restart of the Chinese alumina refineries in Henan province, as reported by Antaike. This slower than expected return of alumina production in China has brought in a new anxiety among the country’s aluminium smelters, for whom alumina is an essential feedstock. The latter may have to contend with higher...
