Explore how GM is expanding aluminium casting capacity in Indiana to support 10-speed transmissions and strengthen its US manufacturing footprint. General Motors is investing more than USD 40 million in its Bedford Casting Operations in Indiana, expanding aluminium casting capacity to support...
In recent weeks, the domestic spot aluminium ingot market has exhibited notable regional divergence. While basis levels in East China and the Central Plains have remained relatively stable, the South China market has seen its aluminium ingot basis strengthen independently to a year-to-date high....
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Hindalco Industries Limited axed its aluminium products prices for three consecutive days last week since February 23. Following the cut of INR 3,750 per tonne on February 23 , Hindalco withdrew another INR 1,750 per tonne from its aluminium wire rod price on February 24. Hence, the product’s...
The Department of International Trade's executive non-departmental public agency, the Trade Remedies Authority (TRA), said on February 22 that it had started reviewing the suggestion for anti-dumping remedies on imports of Chinese aluminium extrusion. Ricoh added the 6000 series aluminium alloy...
On Wednesday, February 22, Constellium SE, a global leader in developing, manufacturing, and recycling aluminium products, announced the fourth quarter and full-year results ended December 31, 2022. The company reported its revenue grew by 8 per cent year-on-year to €1.8 billion in Q4 2022,...
On Tuesday, February 21, Aluminium Stewardship Initiative announced it welcomed Hindalco Alupram Works, an aluminium extrusion manufacturing plant in Ernakulum District of Kerala, as a new Production and Transformation member. The plant is equipped with two extrusion presses, of which one was...
The Japanese multinational imaging and electronics company, Ricoh, adds the 6000 series aluminium alloy (AlSiMg) to its Binder Jetting (BJT) materials. The 6000 series is a kind of aluminium alloy frequently used in traditional production and brings excellent strength and corrosion-resistant...
The Trade Remedies Authority (TRA), an executive non-departmental public body sponsored by the Department of International Trade, reported on Wednesday, February 22, that it began the reconsideration procedure of the recommendation of anti-dumping measures on aluminium extrusion imports from China....
Vedanta Limited has lifted its aluminium products prices and aluminium ingot prices for the second day in a row, bringing its aluminium wire rod price to INR 239,500-247,000 per tonne. That was an increase of INR 3,500 per tonne from the previous day. On February 21, Vedanta’s aluminium wire rod...
Inductotherm Heating & Welding announced they had been awarded the Silver - Ecovadis Sustainability Rating. This new accolade follows hot on the heels of Inductotherm Heating & Welding’s triple BSI - ISO accreditation awarded in June 2022, which included ISO9001 for Quality, ISO45001 for...
Shanghai Metals Market survey found China’s average operating rate across leading aluminium processing enterprises rose 1.7 percentage points last week to 61.5 per cent. Aluminium plate, sheet, strip, foil and construction extrusion sectors recorded operational growth with the gradual arrival of...
AMAG Austria Metal AG, the biggest company in the Austrian Aluminium Industry sector, has achieved a record annual result for 2022, exceeding the previous year’s mark. The company’s 2022 revenue superseded the former year’s EUR 1,259.4 million by registering a growth of 37.1 per cent. In 2022, AMAG...
On Friday, February 17, Hindalco Industries Limited further slashed its aluminium ingot and aluminium products prices to match the global aluminium benchmark price. According to the price chart revealed by the company on February 17, Hindalco cut its aluminium wire rod price by INR 3,750 per tonne...
Apart from the Q3FY23 results from companies like Bharat Forge Golkonda Aluminium, the industry also recorded two special award-winning moments. On February 3, 2023, Hyundai Motor Group presented Novelis with the "2022 Supplier of the Year" award at the company's annual "Partnership Day" event in...
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods, announced its third quarter results ended December 31, FY2023, reporting a year-on-year plunge of 83.22 per cent in net sales from INR 1.49 crore and a quarter-on-quarter slump of 68.75 per...
National Aluminium Company Limited (NALCO) has again curtailed its aluminium products prices in less than a week from the previous cut. With effect from Thursday, February 16, NALCO’s aluminium wire rod price has been reduced by INR 5,300 per tonne or 2.24 per cent to INR 231,050 -235,400 per...
On February 10, 2023, the only Greek producer of flat-rolled aluminium products , ElvalHalcor, received 2nd place in the "Best Company" category award during the Award Ceremony of the "Business Awards HRIMA 2022". As a result, it has reaffirmed its distinct position among companies that support the...
Shanghai Metals Market survey found the average operating rate in the aluminium wire and cable sector dropped 5.9 percentage points month-on-month and 0.6 percentage point year-on-year to 34.4 per cent in January 2023. The average operating rate of large producers lost 9.2 percentage points M-o-M...
To ensure a sustainable and consistent supply of Rio Tinto's Responsible Aluminium products to Japanese downstream manufacturers, global miner Rio Tinto and Japanese trader and business conglomerate Marubeni Corporation have agreed to the first sale under the new strategic Collaboration Agreement....
The Indian multi-national company involved in the forging and automotive components manufacturing, Bharat Forge's overseas business posted an EBITDA loss of INR 62 crore in the December quarter (Q3FY23) on new product issues related to the capacity increase of aluminium forging capacity in Germany...
