Tampa Brass & Aluminum is putting USD 58 million into its Hillsborough County facility following a series of new military contracts. The investment in machinery and equipment will also bring 50 new jobs to the area. The company manufactures components for the US Air Force and US Navy, handling...
A Canadian aluminium extruder is refusing to move its production to the US despite facing a sharp increase in tariffs that could effectively shut it out of one of its largest markets. Apex Aluminum Extrusions, based in Langley, British Columbia, says more than 40 per cent of its sales previously...
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Hindalco Industries Limited has hiked its aluminium products price after cutting it on Friday. With effect from Saturday, 06 March 2021, aluminium billets price stands at INR 191,850 per tonne, an increase of INR 1,500 per tonne from INR 190,350 per tonne on March 5. The company’s aluminium ingot...
Hindalco Industries Limited has cut its aluminium products price after hiking it for the second time in a row. With effect from Friday, 05 March 2021, aluminium billets price stands at INR 190,350 per tonne. This is down by INR 2,750 per tonne from INR 193,100 per tonne on March 4. The company is...
Aluminium component supplier CastAlum will invest £5 million in its aluminium casting plant IN Welshpool, Powys. The expansion will allow the company to expand production capacity. CastAlum, which supplies car brands such as Porsche, Mercedes, and BMW, will install two new, state-of-the-art...
The Norwegian aluminium company Norsk Hydro ASA has set foot to sell its rolling division to KPS Capital Partners for EUR 1,380 million on an enterprise value basis. This is considered as a major step on Hydro's agenda to enhance profitability and drive sustainability. The transaction comprises...
Aluminium Stewardship Initiative announced on Friday, March 5, that it certified Chalco Ruimin Co., Ltd.’s two plants in Fuzhou, China, against Chain of Custody Standard Certification for remelting and casting, hot rolling, cold rolling, and finishing activities. The company produces rolled...
Kaiser Aluminum Corporation, a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide full year 2020 results. Net sales stood at $1,173 million compared to $1,514 million in the prior year period. Value added revenue dropped to $697 million from $856 million in...
Shanghai Metals Market data found a further rise in China’s 6063 aluminium billet inventories, although slower than the previous week, across the five major consumption areas, including SHFE warrants. Data shows the inventories have grown by 7,000 tonnes over the week, ending on Thursday, March 4,...
Vedanta Limited has increased its aluminium products and aluminium ingot prices for the second day in a row, with effect from Thursday, March 4. The price of Vedanta's aluminium wire rod has been raised by INR 1,250 per tonne to INR 192,500 – 200,000 per tonne, in comparison with INR 191,250 –...
The Ministry of Finance, Govt. of India declared the implementation of the RoDTEP Scheme and extending the benefit to all export goods w.e.f 1 st April 2021. The announcement is considered a huge relief for exporters post-withdrawal of the MEIS and will deliver a much-needed push to boost Indian...
Hindalco Industries Limited has hikes its aluminium products price for the second time in a row. With effect from Thursday, 04 March 2021, aluminium billets price stands at INR 193,100 per tonne, marking a growth of INR 2,000 per tonne from INR 191,100 per tonne on March 3. The company’s aluminium...
On Tuesday, March 2, the United States Commerce Department levied final anti-dumping duties on common alloy aluminium sheet import from 18 countries, including up to 242.8 per cent on Germany and 4.83 per cent on Bahrain. The news came after the US Commerce Department announced the duties following...
Hindalco Industries Limited revised its aluminium ingot and aluminium products prices on two consecutive days – March 2 & March 3. On Tuesday, March 2, the company reduced its aluminium wire rod and aluminium billets prices by INR 3,500 per tonne or 1.8 per cent to INR 193,100 per tonne and INR...
The USA based Ampal, Inc., a fully-owned subsidiary of U.S. Metal Powders, Inc. and Lehigh University’s Loewy Institute in Pennsylvania, USA, has accomplished the Phase 1 Ben Franklin project on the ‘Optimization of Aluminum Alloy AA6061 powder for Selective Laser Melting Process’. U.S. Metal...
Aluminium Stewardship Initiative announced today, on March 2, 2021, that it successfully certified Yunnan Yongshun Aluminium Co., Ltd. against Performance Standard Certification for remelting/refining and semi-fabrication activities. The facility’s operations include smelting, casting, and sawing...
Bosnia and Herzegovina's gross domestic product to grow by 2.8% in 2021, which is 0.6% points below, as predicted by the World Bank in June’20. Bosnia's economy sunk by an estimated 4% in 2020, more than the 3.2% fall in GDP forecast in June, the World Bank said in its January 2021 Global Economic...
Australia-based aluminium extruded product manufacturing company Capral Aluminium has reported its annual turnover for the 12 months of 2020 ended on December 31 at $432 million. Trading EBITDA stood at $19.7 million compared to $11 million in FY2019. For the second half of FY2020, Capral reported...
Constellium reported results for the full year ended December 31, 2020. In 2020, shipments were 1.4 million tons, a decrease of 10% compared to last year on lower shipments across each of our segments. Revenue stood at €4.9 billion, down 17% due to lower shipments as a result of the COVID-19 crisis...
Hindalco Industries Limited has raised its aluminium products price by INR 7,250 per tonne. With effect from Friday, 26 February 2021, wire rods price stands at INR 196,600 per tonne. This is an increase of 3.83 per cent from INR 189,350 per tonne on February 24. The company is selling its...
