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...
Grow with
AL Circle
According to the US Geological Survey (USGS), the United States imported 4,770 tonnes of US aluminium plates, sheets, bars, from Japan in July 2021, flaunting a month-on-month decrease of 210 tonnes or by 4.21 percent. In June 2021, 4,980 tonnes of plates, sheets, bars were imported from Japan, highlighting an increase of 1.42 percent from 4,910 tonnes in May 2021. On a year-on-year calculation, US aluminium plates, sheets, bars imported from Japan in July 2021, elevated by 19,670 tonnes or by 244.95 percent from 8030 tonnes. From January to July 2021, the imported plates, sheets, bars by the United States closed at 27,700 tonnes. For the same period last year, the amount exported by Oman settled at 8,030 tonnes. According to the data shared by the United States Geological Survey, the...
The voice of the aluminium industry in Europe, European Aluminium affirms that the tariff-rate quotas, which will replace the existing 10% tariff on EU aluminium products under Section 232, will result in even more trade distortions. The association notifies it will create additional market instability for aluminium companies on both sides of the Atlantic. Gerd Götz, Director General of European Aluminium, stated: “It seems the EU and US administrations assumed that trade policies that work for steel will work equally well for aluminium without taking into account our industry’s specificities and our continued opposition against tariff-rate quotas. Replacing the Section 232 tariffs with another trade-distorting measure is a lose-lose situation for the aluminium industry and their...
Power restrictions in China has “dramatically reduced” magnesium shipments to Europe, raising concerns that a scarcity of aluminium for packaging may result. The comments were made on November 3, during a non-ferrous metals panel discussion at the Bureau of International Recycling's (BIR) non-ferrous metals conference. Reduced exports to Europe, according to Franco Dalpiaz, head of raw material buying at Raffmetal SPA, an Italian recycler of aluminium alloys, might lead to production halts throughout the aluminium value chain. This might have ramifications for the automobile and packaging industries. In addition to the above statement, Mr Dalpiaz also highlighted the need to find “solutions for the zero-emission use of the internal combustion engine with renewable fuels”. Failure to do...
The Green Building Council of Sri Lanka (GBCSL) has awarded Alumex PLC the Eco-Label under the GREEN Labelling System for its full aluminium extrusion range, in recognition of sustainable production. Alumex PLC, a Hayleys Group Company, has been selected by the GBCSL as a strong example of sustainable manufacturing - an important contribution to attaining a common objective of building a healthy and sustainable future together. “As a company that has embraced sustainable business practices, we are glad to have been recognized with the ‘Eco-Label Certification’ from the ‘Green Building Council of Sri Lanka. “The certification is a testament to our constant focus on sustainable manufacturing processes and to the value we offer our discerning customers,” said, Alumex PLC Managing Director...
On 4 th October 2021, the Japanese Ministry of Economy, Trade and Industry stated that Minister Koichi Hagiuda has urged the United States to eliminate extra tariffs on aluminium and steel products imports from Japan in a meeting with Washington's trade representative. The Ministry said: “On a virtual meeting with United States Trade Representative (USTR) Katherine Tai, Hagiuda requested for a resolution to the tariffs issue on Japanese aluminium and steel products under Section 232 of the US Trade Expansion Act.” Hagiuda’s plea comes following the US and the EU concluded a three-year-old discord on 31 st October 2021 over aluminium and steel tariffs and declared they would work on a global disposition to counter high carbon emitted production and overcapacity in the industry. The deal...
According to the Shanghai Metals Market (SMM), aluminium billet inventories in China descended by 24,500 tonnes week-on-week across five major consumption areas. As a result, the inventories totalled at 138,300 tonnes on Thursday, November 4. The major reason behind the decline in aluminium billet inventories this week was mainly due to Foshan, whose inventory plummeted 22,300 tonnes, or 27.33 percent, for the week, followed by Nanchang's inventory dropping 3,000 tonnes, or 14.29 percent. Changzhou's stockpile increased by 1,500 tonnes, or 8.82 percent, from a week before. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan, aluminium inventories descended by 22,300 tonnes this week to total at 59,300 tonnes. In Nanchang,...
The aluminium flat-rolled products are generally made by rolling thick aluminium between rolls that reduce the thickness and lengthen it through hot and cold rolling processes. However, flat-rolled aluminium products are widely used in several applications including household utensils, packages, closures, building interiors & exteriors, roofs and home electric appliances. Egypt is considered as one of the few emerging market countries that came across a positive growth rate in 2020. The Egyptian government stated that it expected the economy grew 2.8% in the 2020/2021 fiscal year amid the huge disarray across the global economy. The nation located at the North-eastern corner of Africa, Egypt exported 163,173 tonnes of aluminium flat-rolled products during 2018-20, generating revenue of...
Novelis Inc., the world leader in aluminum rolling and recycling, announced the second quarter results of FY2021-22 on Wednesday, November 3, revealing net income of $237 million compared to a net loss of $37 million in Q2 FY2021. Net income from continuing operations stood at $239 million versus $144 million a year ago. Novelis also reported that its net sales improved 38 per cent year-on-year in 2QFY22 from $3 billion to $4.1 billion, primarily driven by a 5 per cent increase in shipments and higher average aluminum prices. Flat rolled products shipments increased from 923 kilotonnes in Q2 FY21 to 968 kilotonnes in Q2 FY22, buoyed by strong demand for sustainable aluminum beverage packaging and specialty products. Adjusted EBITDA gained 22 per cent to $553 million in Q2 FY22 from $455...
On Wednesday, November 3, Century Aluminum Company declared that its wholly-owned subsidiary, Norðurál Grundartangi ehf (“Norðurál”), started off the construction of a new low-carbon billet casthouse at Grundartangi, Iceland smelter. The new value-added casthouse will have a capacity of 150,000 tonnes of billet production, expanding Grundartangi’s primary foundry alloys annual capacity from the current 60,000 tonnes to 120,000 tonnes. The $120 million worth project is expected to commence production in Q1 2024, creating approximately 90 new jobs. Century Aluminum’s President and Chief Executive Officer Jesse Gary commented: "We are very excited to bring billet production to Grundartangi and, beginning in 2024, to bring low-carbon Natur-Al™ billet to the European market.” He added, “Once...
On 2 nd November 2021, the Croatian parasol manufacturer VIS Promotex stated that it has taken over aluminium foundry Lipovica, with a focus to increase sales and exports. The Varazdin-based VIS Promotex said in a statement said: “Following a public tender called by the government's centre for enterprise restructuring and privatisation, CERP, in which VIS Promotex was named the best bidder, the company signed a deal to buy the foundry and fulfilled all of its obligations.” However, the company did not reveal the value of the deal, while the information published on the website of CERP, said: “On 24 September, the Croatian Govt. agency decided to accept a binding offer by VIS Promotex to acquire Lipovica for 16 million kuna that outbid three other valid offers.” VIS Promotex said: “Both...
According to the US Geological Survey (USGS), the United States imported 8,720 tonnes of US aluminium plates, sheets, bars etc from Oman in July 2021, showing a month-on-month increase of 1,100 tonnes or by 14.43 percent. In June 2021, 7,620 tonnes of plates, sheets, bars were imported from Oman, flaunting a descend of 17.06 percent from 8,290 tonnes in May 2021. On a year-on-year calculation, US aluminium plates, sheets, bars imported from Oman in July 2021, moved up by 2,320 tonnes or by 36.25 percent from 6,400 tonnes. From January to July 2021, the imported plates, sheets, bars by the United States settled at 51,200 tonnes. For the same period last year, the amount exported by Oman closed at 37,300 tonnes. According to the data shared by the United States Geological Survey, the total...
Arconic Corporation, an American industrial company specialized in lightweight metals engineering and manufacturing, has reported the third-quarter results of 2021, revealing a 34 per cent hike in sales year-on-year to $1.9 billion. On a quarter-on-quarter basis, it grew by only 5 per cent. Net income came in at $16 million or $0.15 per share, compared with $5 million or $0.05 per share in Q3 2020. Adjusted EBITDA increased 4 per cent Y-o-Y but decreased 9 per cent quarter-on-quarter to $171 million in Q3 2021. Revenue earned in the third quarter was $1.9 billion, up 5 per cent from the prior quarter, attributed by higher aluminum prices and the start of packaging sales in the U.S., though partially offset by weaker than expected ground transportation sales. Arconic’s revenue from...
The Foreign Minister of Serbia, Nikola Selakovic stated that Slovak aluminium alloys producer, Heneken has manifested interest in building of a plant in the landlocked country of Central and Southeast Europe, Serbia. Selakovic said: "The Company submitted a letter of intent. Initially, they intend to employ about a hundred workers.” Heneken was founded in 2007 as a trading company. However, through all these years they moved on a stimulating track of growth and turned out as a supplier of non-ferrous metals and overhead conductors. The Slovakian company, Heneken, other than trading of aluminium and aluminium alloys, while with further continuous development and synergy effects within industry created opportunities to trade commodities like silicon, magnesium, Mg alloys, lead, Pb alloys,...
On Sunday, Commerce Secretary Gina Raimondo said that the US and the European Union (EU) had achieved an agreement to end a three-year dispute over tariffs on steel and aluminium imports from the region. "We've reached an agreement with the EU which maintains the 232 tariffs but allows limited volumes of EU steel and aluminium to enter the US tariff-free," as said by Gina Raimondo to the reporters. "This agreement is significant in that it will reduce costs for American manufacturers and consumers," said Raimondo, highlighting that the cost of steel for manufacturers in the US downstream sectors has more than quadrupled in the last year, according to the Xinhua news agency. According to Raimondo, the EU will withdraw its retaliatory taxes on American goods in exchange. On December 1, the...
The United States and the European Union have settled to soften tariffs on the multi-billion dollars of aluminium and steel products in an attempt to undertake a trade discourse that has lingered over transatlantic relations since the era of Donald Trump administration. Valdis Dombrovskis, EU trade commissioner said: “We have agreed with the US to pause our steel and aluminium [section 232] trade dispute and launch co-operation on a Global Arrangement on Sustainable Steel and Aluminium.” He added: “Joe Biden, US President and Ursula von der Leyen, EU Commission President, would give more details on 31 st October 2021.” It has been for months that the Biden administration and the EU were negotiating a settlement on aluminium and steel. In 2018, former US President Donald Trump imposed...
The global aluminium downstream segment has been in the spotlight this week due to a number of events. To begin with, the CEO of AMAG Austria Metall AG, Gerald Mayer cautioned by saying that the primary reason for the aluminium dearth is actually due to the shortage of magnesium supply that resulted from the suffocation of Chinese electricity production at fossil-fired power plants. Also in India, the coal crisis continues, as Indian Industrial Value Chain Council (IIVCC) carried out stating 5000 plus SMEs who are associated with the aluminium value chain have shown disquiet of suffering huge losses if the ongoing dry fuel supply distress experienced by the primary aluminium industry is not immediately resolved. The Aluminium Stewardship Initiative has successfully certified Novelis’...
According to the Shanghai Metals Market (SMM), aluminium billet inventories in China dropped by 18,100 tonnes week-on-week across five major consumption areas. As a result, the inventories totalled at 163,100 tonnes on Thursday, October 28. The major reason behind the decrease in aluminium billet inventories this week was primarily due to stock decline in Foshan and Nanchang. According to SMM, the inventory of aluminium billet descended because this week, there were fewer arrivals of aluminium billet in Foshan, but exports increased as downstream demand increased due to falling aluminium prices and increased demand from conversion plants after Guangdong's power limitation was lifted. The chart below indicates the current status of aluminium billet inventories across China in more detail:...
Hindalco Industries Limited again cut its aluminium products prices significantly, with effect from Thursday, October 28. Hindalco’s aluminium wire rod price came in at INR 247,850 per tonne after being plunged by INR 11,000 per tonne or 4.25 per cent from INR 258,850 per tonne on October 27. Hindalco’s aluminium billets price also saw a slash of INR 11,000 per tonne to INR 247,350 per tonne as of October 28. On the previous day, the price stood at INR 258,850 per tonne, seeing a plunge of INR 6,500 per tonne. Hindalco is currently selling its aluminium ingot at INR 236,750 per tonne as compared to INR 247,750 per tonne on October 27. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange,...
