Downstream products weekly recap: Metal Exchange Corp acquires Medalco Metals; Constellium collaborates with Nikon's subsidiary for additive manufacturing development
The downstream aluminium segment has witnessed some key progress this week. St Louis, a US-based global family of companies focused on aluminium and other nonferrous materials, Metal Exchange Corporation acquires Medalco Metals, the full line distributor of Aluminum Flat-Rolled Products from foil to plate. On the way, Constellium allied with Nikon's subsidiary, Morf3D for additive manufacturing development using aluminium powder solution. Gränges herald a fire incident at under commissioning cold rolling mill in Konin, Poland.
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The global leader in the purchasing, processing and manufacturing of non-ferrous metals, Metal Exchange Corporation has made public that it has acquired Medalco Metals Inc., a US-based distributor of light gauge aluminium rolled products.
To know more: https://www.alcircle.com/news/metal-exchange-corp-acquires-aluminium-frp-full-line-distributor-medalco-metals-80477
Equispheres AlSi10Mg powders have been certified by Trumpf for use in its TruPrint 3000 line of 3D printers, with two-parameter sets to be provided. Equispheres' aluminium materials may achieve a 13 per cent quicker build rate than ordinary aluminium powder with a standard parameter set.
To know more: https://www.alcircle.com/news/equispheres-aluminium-material-qualifies-for-truprint-3000-metal-3d-printer-series-80464
Constellium SE, the global sector leader that develops innovative, value-added aluminium products for a broad scope of markets and applications is coming to terms with Morf3D, a subsidiary of Nikon Corporation for an additive manufacturing development program using Aheadd CP1 aluminium powder, Constellium’s proprietary additive manufacturing (AM) powder solutions.
On May 19, China’s domestic aluminium billet inventory slumped by 2,300 tonnes or 1.66% W-o-W to score at 136,400 tonnes. Following the drop in aluminium prices and conversion margins, downstream purchasers were more eager to enter the market. SMM will be watching to see if consumption recovers enough to keep the recent destocking trend going.
To know more: https://www.alcircle.com/news/chinas-aluminium-billet-inventory-slips-by-2-300-tonnes-w-o-w-to-136-400-tonnes-80483
Hindalco Industries Limited has continued to increase its aluminium products and aluminium ingot prices as the global aluminium benchmark price on the London Metal Exchange rallies back-to-back. With effect from Wednesday, May 18, Hindalco’s aluminium wire rod price has experienced a sharp rise of INR 10,500 per tonne or 4.12% to INR 265,100 per tonne.
According to the Shanghai Metals Market data, the average operating rate across aluminium processors in China grew by 1.3% points week-on-week to stand at 58.6 per cent last week ended Friday, May 13, driven by the resumption of operations after the Labour Day Holiday.
Aluminium Stewardship Initiative announced that the KOBELCO group (Kobe Steel Group) has joined as the new production and transformation member. Since its inception in 1905, KOBELCO has collaborated with clients to develop and deliver goods that suit their needs while also advancing society.
To know more: https://www.alcircle.com/news/kobelco-group-joins-asi-as-its-new-production-and-transformation-member-80469
Granges, the aluminium technology company driving the development of lighter and more sustainable aluminium products and solutions reported a fire incident on 13th May 2022 in the newly built cold rolling mill currently under commissioning in Konin, Poland production facility.
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