AMAG Group reported around a 59 per cent increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to EUR 181 million (USD 202 million) in the first nine months of 2026, compared with EUR 114 million (USD 127 million) in the same period last year. Revenue rose 16.4 per cent to EUR 1.3 billion (USD 1.4 billion) from EUR 1.1 billion (USD 1.2 billion) in the first three quarters of 2025. Net income after taxes increased about 142 per cent to EUR 82 million (USD 91 million), up from EUR 34 million (USD 38 million). The Austrian aluminium producer attributed its performance to strong operations at its Ranshofen site, higher shipment volumes in the Rolling Division, and attractive market conditions for its Canadian aluminium smelter interest, Alouette. Cost-efficiency...
Constellium SE has raised its full-year financial outlook after reporting stronger earnings across its major aluminium businesses, supported by improved aerospace demand, favourable pricing and product mix, and robust recycling performance. However, lower shipments across parts of its portfolio highlight an uneven recovery in end-market demand. The Paris-based aluminium products manufacturer reported its third-quarter and nine-month financial results on October 28, 2026, with profitability improving despite a slight decline in overall shipment volumes. The company also reported record quarterly adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA). Constellium's Q3 2026 revenue and earnings climb Constellium generated revenue of USD 2.64 billion in the third...
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On 12 th November 2021, the United States stated that it had initiated dialogue with Japan focused on diminishing US tariffs on metal imports like aluminium and steel, which were imposed under former President Donald Trump, following Washington attainted a deal on the same metal tariff issue with the European Union. Katherine Tai, the US Trade Representative and Gina Raimondo, Commerce Secretary specified ‘distortions’ engendered by global overproduction propelled by China, said: “The United States and Japan will seek to resolve bilateral concerns in this area.” However, before targeting focus towards Beijing, Tai and Raimondo stated: “The United States and Japan have a historic alliance, built on mutual trust and respect.” “These consultations present an opportunity to promote high...
The subsidiary of Aditya Birla Group, Hindalco Industries revealed an upsurge of 783% in consolidated net profit to INR 3,417 crore in Q2 FY22 from INR 387 crore in Q2 FY21. Hindalco’s consolidated revenue for Q2 stood at INR 47,665 crore as against INR 31,237 crore in the same phase last year, denoting a rise by 53% Y-o-Y. The Q2 FY22 report unveils EBITDA was INR 8,048 crore, a jump by 56% from INR 5,171 crore in Q2 FY21. However, the consolidated net debt to EBITDA ratio enhanced further to 1.93x on 30 September 2021 compared to 2.59x on 31 March 2021. Hindalco commented by saying: “The results were driven by an exceptional performance by Novelis and India Business, supported by favourable macros, strategic product mix, higher volumes, and stability in operations.” The world leader in...
The financial capital of India, Mumbai’s bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) granted relief to Tata Motors by ruling non-imposing of excise duty on the development of aluminium dross and skimming during the production of aluminium castings/parts of motor vehicles. The issue of the Tata Motors was raised before the bench comprising Judicial Member Mr Ramesh Nair and Technical Member Mr CJ Mathew was whether the aluminium dross and skimming emerging out of the production of aluminium motor vehicle parts amounts to manufacture and liable to duty or otherwise. The department raised a claim that the above activity aggregate to manufacture and therefore, liable towards payment of excise duty. However, rejecting the above contention, the CESTAT bench...
The global aluminium downstream industry remained muted this week, except a few important updates. On Monday, November 8, Aluminium Stewardship Initiative announced that it successfully certified Aluflexpack, one of the leading international manufacturers of outstanding flexible packaging, against both the Performance Standard Certification and Chain of Custody Standard Certification. Aluflexpack Novi d.o.o. production plant in Drniš, Croatia, achieved dual Performance Standard and Chain of Custody Standard Certifications, while its Process Point Service AG site in Einsiedeln, Switzerland, bagged Chain of Custody Certification. To know more:...
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices on Friday, November 12, following a cut on the previous day. The company’s aluminium billets price has come in at INR 241,100 per tonne on November 12, up by INR 8,250 per tonne or 3.54 per cent from the previous day. On Thursday, November 11, the price stood at INR 232,850 per tonne after being reduced by INR 1,500 per tonne. Hindalco’s aluminium wire rod price is standing at INR 241,600 per tonne on November 12, up by INR 8,250 per tonne from INR 233,350 per tonne on November 11. The company’s aluminium ingot price has also witnessed an increase of INR 8,250 per tonne from INR 222,250 per tonne to INR 230,500 per tonne. Hindalco Industries Limited links its aluminium ingot and aluminium products...
The European metal producer, Aleastur has instituted the Gulf region’s first facility for aluminium grain refiners and master alloys production at its new Middle-East based in Bahrain. The brand new $15 million facility at the hub of the Gulf region will deliver speciality alloys to global markets, comprising Asia, North America and the GCC. The international leading manufacturer of Grain Refiners, Aleastur's new hub is part of an extensive plan, in partnership with the kingdom's sovereign wealth fund Bahrain Mumtalakat Holding Company - which acquired a substantial stake in the company in 2016 towards the development of the kingdom’s downstream aluminium sector and strengthens coordination between local manufacturers and vital international players. Mumtalakat Holding Company stated:...
As we persist to explore the requirements of the growing world market for complex aluminium castings, AlCircle is purposive to come up with the 1 st edition of its e-Magazine on “Global Aluminium Foundry: Challenges and Opportunities ahead in 2022”. A foundry is a facility that produces metal castings. Metals are cast into different shapes by melting them into a liquid, pouring them into a mould, and then drawing out the mould material after the metal has solidified as it cools down. The most common metals processed are aluminium and cast iron. The aluminium foundries produce both simple components and very complex ones, while machining of castings guarantees high accuracy. So, the outcomes are highly worthwhile. Metalcasting is a vast industry, and aluminium is the most popular metal...
Aluminium billet inventories in China have decreased for the fourth straight week by 26,100 tonnes or 18.87 per cent across five major consumption areas, found the Shanghai Metals Market. As a result, the inventories have come in at 112,200 tonnes as of Thursday, November 11, primarily contributed by the decline in stocks at Foshan and Wuxi. Looking forward, aluminium billet inventories are likely to remain in the downward trend as there are no opportunities of extra stock arrivals next week. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan, aluminium billet inventories have plunged by 14,300 tonnes to settle at 45,000 tonnes on November 11, while inventories in Wuxi have decreased by 6,600 tonnes to stand at 22,900...
After a sharp cut on November 9, Hindalco Industries Limited increased its aluminium products prices by INR 3,500 per tonne, with effect from November 10. Thus, the company is now selling its aluminium wire rod price at INR 234,850 per tonne versus INR 231,350 per tonne on November 9. Hindalco’s aluminium billets price came in at INR 234,350 per tonne on November 10, compared to INR 230,850 per tonne on the previous day. Aluminium ingot price also saw a hike of INR 3,500 per tonne or 1.60 per cent on November 10 to come in at INR 223,750 per tonne. On November 9, Hindalco’s aluminium ingot price stood at INR 220,250 per tonne, plunging by INR 15,500 per tonne from that in November 4. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month...
India’s first and only red-carpet ceremony for the country’s discrete manufacturing industry, the Machinist Super Shopfloor Awards, in its seventh edition, presented the Vice Chairman and Managing Director of Jindal Aluminium Limited, Mr Pragun Khaitan with ‘The Machinist Next Generation Leader 2021 Award.’ The honour duly apprehends Pragun Khaitan’s persistent contribution through innovation using best-in-class technology and the most acceptable ethical business practices in the downstream segment of the aluminium industry. Pragun Khaitan strongly made his mark in the Editorial Choice Awards category for his honest endeavours in all the 11 categories dubbed as the critical measurable parameters to evaluate the performance of a manufacturing plant. The categories include safety,...
The temple of technical learning in Karnataka, the National Institute of Engineering (NIE), Mysuru, has signed a Memorandum of Understanding (MoU) lately with aluminium extrusion product specialist Bhoruka Extrusions Private Limited (BEPL), Mysuru. The Mysuru, Karnataka based speciality aluminium developer for custom made-to-order aluminium extrusions, products and an associated service stand as the leader in its segment and also has global impressions. The extrusion company runs its state-of-the-art extrusion facility in Mysuru with fully automated PLC controlled equipment. Bhoruka extrusions have been serving to the augmented demand and application of aluminium in several sectors stretching from electronics, transportation, textiles, renewable energy, defence, aerospace, etc. Dr N.V....
Hindalco Industries Limited has sharply cut its aluminium products prices, with effect from Tuesday, November 9, following the last hike on November 4. Hindalco’s aluminium billets price has witnessed a slash of INR 15,500 per tonne or 6.29 per cent to INR 230,850 per tonne. On November 4, the price stood at INR 246,350 per tonne, climbing by INR 1,500 per tonne from the previous day. Hindalco’s aluminium wire rod price has come in at INR 231,350 per tonne, also down by INR 15,500 per tonne from INR 246,850 per tonne on November 4. The company’s aluminium ingot price is currently being sold at INR 220,250 per tonne versus INR 235,750 per tonne last week. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the...
On 8 th November 2021, the Paris prosecutor's office stated that the French prosecutors are investigating distressed metal magnate Sanjeev Gupta's GFG Alliance, broadening an in-process investigation for a state-backed loan of €18 million to one of its facilities in France. The comprehensive French investigation approaches on top of a probe by Britain's Serious Fraud Office into GFG Alliance as it endeavours to refinance its aluminium and steel businesses following the collapse of primary financial lending firm Greensill Capital. The Paris Prosecutors said that they unfastened an investigation in July 2021 toward allegations of misapplying of company assets and money laundering by Gupta’s GFG, after a decision by prosecutors in Poitiers to pass on their preliminary inquiry into the loan....
The Aluminium Stewardship Initiative has certified Aluflexpack, one of the leading international manufacturers of outstanding flexible packaging, against both the Performance Standard Certification and Chain of Custody Standard Certification. Aluflexpack Novi d.o.o. production plant in Drniš, Croatia, has achieved dual Performance Standard and Chain of Custody Standard Certifications, while its Process Point Service AG site in Einsiedeln, Switzerland, has bagged Chain of Custody Certification. Aluflexpack Novi plant laminates, lacquers, extrudes, prints, slits, embosses, lasers, punches and forms aluminium into flexible packaging. Process Point Service plant develops and produces semi-rigid aluminium compound containers and lids. Fiona Solomon, Chief Executive Officer at ASI, said: “ASI...
Aluminium is considered a remarkable metal for its low density and its features to resist corrosion through the passivation process. Aluminium tubing widens from consumer items, recreational merchandise and machine parts and automotive and manufacturing across an extensive range of industrial applications. However, suppliers respect aluminium for its strength and it is only one per cent of the steel weight. The metal exceptionally well absorbs heat making tubing a great material for temperature control applications such as refrigerators, solar power and air conditioning systems. The Scandinavian nation, Sweden imported 4216 tonnes of aluminium tubes and pipes during 2018-20, which incurred revenue expenditure of around $17.25 million for the import. In 2018, the Swedish import of...
The downstream segment of the aluminium sector is considered the most vital player due to the delivery of its multifaceted products, while the week has remained highlighted due to several reasons. The quarterly and half-yearly reports are gradually getting published, as Novelis, the world-leading producer of aluminium rolling and recycling reported that its net sales improved 38% year-on-year in 2QFY22 from $3 billion to $4.1 billion, primarily driven by a 5% increase in shipments and higher average aluminium prices. Arconic’s revenue from aluminium rolled products improved year on year from $1,092 million to $1,559 million in the September quarter. But from extrusions, it dipped from $82 million to $74 million. On 2nd November 2021, the Croatian parasol manufacturer VIS Promotex stated...
The producer and supplier of quality aluminium profiles Bangladesh Thai Aluminium Limited, which was impacted heavily due to the Covid-19 crisis in the previous year, have excelled in the pre-pandemic position in regards to the making of profit. The supplier of fabricated aluminium in Bangladesh, which furnished multiple prestigious buildings, Bangladesh Thai Aluminium booked a profit growth of 512% to Tk16.03 crore compared to the existing fiscal year. As per the reports on its financials, the revenue attained the pre-pandemic level in FY21 to Tk120.36 crore, an escalation of 58% from the previous year. In FY2018-19, the revenue stood at Tk121.22 crore, while the profit remained at Tk6.97 crore. However, the Covid-19 pandemic hit the revenue to plunge at Tk76.24 crore, whereas the profit...
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices after continuous cuts since October 21, 2021. With effect from November 4, Hindalco’s aluminium wire rod price has witnessed a rise of INR 1,500 per tonne to INR 246,850 per tonne. On November 3, the price stood at INR 245,350 per tonne after being reduced by INR 2,500 per tonne. Hindalco’s aluminium billets selling price is currently standing at INR 246,350 per tonne, which is also down by INR 1,500 per tonne from INR 244,850 per tonne. The company is selling its aluminium ingot price at INR 235,750 per tonne compared to INR 234,250 per tonne on November 3. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London...
