Downstream products weekly recap: Press Metal plans to hike its value-added aluminium products output capacity; Aerospace, automakers panic over counter-sanctions

In light of the current crisis and increased sanctions on Russia, a lot of changes had taken place in the metal industry. To begin with, Press Metal, a Malaysian aluminium firm is ramping up production capacity to produce additional value-added aluminium products following the completion of its new phase three smelter at Samalaju Industrial Park in Bintulu, Sarawak's central area. The effect of the crisis had also affected the automotive and aircraft industries heavily. FONNOV ALUMINIUM, a well-known and experienced Chinese aluminium extrusion manufacturer specialising in high-quality bespoke extrusions and fabricated aluminium products, has enhanced its services to better serve the Chinese domestic market with aluminium extrusion and profiles.

The automakers and aerospace sector are extensively manifested ought to Russia opt to strike back countering the sanctions inflicted by the west and its pool. The San Francisco, California based freight forwarding and customs brokerage company, Flexport withstands that blocked trade lanes, narrowing sales opportunities and regulations of vital Russian metal exports are possibly to thump some producers strongly, with organisations hitherto staging to bolster their proficiency to calm down the pressure.

To know more: https://www.alcircle.com/news/aerospace-automakers-panic-over-counter-sanctions-aluminium-supply-disruption-from-russia-might-cause-a-severe-challenge-to-the-industry-76795

The Malaysia-based aluminium company with a profound global presence, Press Metal is functioning up its production capability to manufacture more value-added aluminium products ensuing the thorough commissioning of its new phase three smelter in Samalaju Industrial Park in Bintulu, the central region of Sarawak. The world-class aluminium producer, Press Metal holds two extrusion plants in Klang, Selangor and Guangzhou, China with an annual production capacity of 50,000 tonnes and 160,000 tonnes, respectively.

To know more: https://www.alcircle.com/news/malaysias-press-metal-plans-to-inflate-its-value-added-aluminium-products-output-capacity-76780

ST Extruded Products Group (STEP-G) has joined Aluminium Stewardship Initiative (ASI) as its new member in the Production and Transformation category, taking the total number of ASI members to 214. STEP-G is a multinational company known for the manufacture of extruded aluminium profiles. It has its production sites present in Germany, Belgium and China. Different types of processing, as well as component manufacturing, round out the range. With a complete selection of standard and unique alloys, the foundry in Hettstedt delivers trustworthy technology and constant availability from a single source.

To know more: https://www.alcircle.com/news/step-g-joins-asi-as-its-new-production-and-transformation-member-77812

FONNOV ALUMINIUM prominent and experienced aluminium extrusion producer in China, specialized in high-quality custom extrusions and fabricated aluminium products, has upgraded its services to better serve the Chinese domestic market with aluminium extrusion and profiles. Extruded aluminium profiles, machined aluminium components, and fabricated aluminium products for industries in China are all on the horizon for the firm.

To know more: https://www.alcircle.com/news/fonnov-aluminium-to-offer-wood-finish-extrusion-aluminium-to-serve-the-chinese-domestic-market-77816

Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices back-to-back for the third day in a row, in tandem with the LME aluminium price movement. With effect from Thursday, March 10, Hindalco has increased its aluminium wire rod price by INR 2,500 per tonne to INR 320,350 per tonne, following a massive cut of INR 40,500 per tonne on the previous day to INR 317,850 per tonne.

To know more: https://www.alcircle.com/news/hindalcos-aluminium-wire-rod-price-grows-by-inr2500-t-on-march-10-after-a-massive-cut-on-previous-day-77804

Hindalco Industries Limited has continued to hike its aluminium products and aluminium ingot prices, with effect from Tuesday, March 8, in line with the rally of LME aluminium price close to US$4,000 per tonne. Aluminium wire rod selling price of the company has seen a raise of INR 14,750 per tonne from INR 343,600 per tonne on March 5 to INR 358,350 per tonne on March 8, 2022.

To know more: https://www.alcircle.com/news/hindalcos-aluminium-wire-rod-billets-prices-witness-a-rise-of-inr14750-t-as-lme-price-nears-us4000-t-76789