This week, the operating rate of major aluminium processors in China remained stable with a slight overall rebound, rising 0.1 per cent month-on-month. Performance was mixed across sectors, as the industry continues a moderate recovery trend. The operating rate for primary aluminium alloys climbed 0.6 percentage points to 61.4 per cent, driven by improved order volume and year-end momentum from automakers to meet their annual targets, with a positive short-term outlook. The operating rate for aluminium wire and cable rose 0.4 percentage points to 64.8 per cent, supported by recovering photovoltaic demand and restored margins, although the sustainability of the upward trend remains to be seen. The operating rate for secondary aluminium rebounded 0.6 percentage points to 53.9 per cent, with...
Novelis reported a 20 per cent year-on-year increase in adjusted EBITDA to USD 508 million in the second quarter of fiscal year 2027, while rolled product shipments declined 2 per cent to 919,000 tonnes. Net sales rose 25 per cent to USD 5.9 billion from USD 4.7 billion in the corresponding quarter last year, mainly due to higher average aluminium prices. Higher shipments of beverage packaging and aerospace products were partly offset by lower volumes in automotive and speciality products. Net income attributable to Novelis' common shareholders increased 29 per cent to USD 210 million, compared with USD 163 million a year earlier. Excluding special items, net income also rose 29 per cent to USD 146 million. Explore further insights and forecasts for the aluminium flat rolled products...
Grow with
AL Circle
Germany's rolled aluminium products output in the first half of the year was 948,152 mt, up slightly from 946,508 mt in the first half of 2010, the German Aluminium Association, GDA, said in a report this week. German aluminium rolled products output in the second quarter was 458,460 mt, down 30,000 mt from the previous year. Production is expected to stabilize at a "high level" for the year as a whole, the GDA said. First-half extruded aluminium products output rose to 297,916 mt, up almost 8% on the previous year, the GDA said. Second-quarter output was also higher at 152,673 mt, up 5% year-on-year. "Despite a weakening in dynamics, the GDA expects further growth over the course of 2011," said Andreas Postler, head of market analysis and statistics at the GDA. "German manufacturers of...
Demand for 226 from the Japanese market was also said to be muted as automakers and diecasters close plants for summer holidays. "We don't expect any enquiries [from Japan] until next week," said a 226 supplier. Toyota Motor and Honda Motor shut their vehicle assembly and component manufacturing plants in the country over August 11-19, as well as Asian and other major diecasters. Tokyo trade sources said most Chinese producers were offering $2,480/mt CFR Japan for November shipments, with two producers at $2,500/mt CFR or above. Platts assessed its China domestic ADC12 assessment at Yuan 18,450-18,550/mt steady ex-works Tuesday, down from Yuan 18,500-18,600/mt the previous week. The spot export price was kept steady $2,460-2,500/mt FOB China.
Japan Metal Bulletin reported that Japanese pipe work material maker Toyo Densen adds new size coated aluminum tube for air conditioner within this year. The firm sells thin diameter products and adds middle size pair coil and brings out dedicated tool for aluminum tube when users are switching from copper tube to aluminum tube. The firm plans to increase production by over 10 times and market share to 15% in 2 years.
According to Southwest Aluminum on August 17 that it has gained more than billion profit by producing high-value-added aluminum products and reached its historical record high. Since this year, domestic aluminum processing market begins to recover with demand for LED, emerging products and staple commodity such as 3104 can materials increasing rapidly. Therefore, Southwest Aluminum overcomes supply tension from power and natural gas, by adjusting products structure, reinforcing quality management and decreasing cost finally reaches its goal of enhancing market competition power and profitability. With dramatic increase of High-value-added products, its output and sale revenue grow by 14.96% and 27.41% respectively. profit exceeds CNY 1 billion up by 7258 Yuan in the corresponding period...
VHE of Iceland has been awarded a major contract for the modification and refurbishment of the rodding plant at ISAL Rio Tinto Alcan's aluminum smelter in Iceland. The IPU Project, ISAL Production Upgrade will increase the amperage to 181 kA in Lines 1 and 2 of ISAL's three line Alusuisse EPT-10/12 technology smelter to achieve an additional aluminum production of 44.000 tonnes per year.
Vice Secretary of Liaoning Provincial Party Committee Xia Deren visited Zhongwang Group on August 1st to inspect works on accelerating full development for the enterprise. Accompanied by group leaders, Xia Deren visited exhibition hall, industrial aluminum profile processing unit and casting workshop etc.
Contours Casings has supplied its Aluminium Encasement System for the exterior of function rooms at the Emirates Durham International Cricket Ground. Contour Casings has teamed up with Durham County Cricket Club on the project to deliver a suitable solution to the problem of unsightly exposed building structures.
Supply chain solutions specialist P&O Ferrymasters has won a four-fold increase in business from aluminium rolling giant Novelis with a new contract worth £1 million per year for moves from Germany - and could double this sum through a separate pilot project aimed at maximising weight allowances into the UK and Ireland.
Hirakud Flat Rolled Products [FRP] Project: This project is underway with the transfer of all the critical equipments for FRP production from the Novelis plant at Rogerstone, UK to Hirakud. In addition, orders have also been placed for related and balancing equipment. The erection of the Cold Rolling Mill has started at the site. Almost 50% of the structural fabrication and erection is complete. The project will enable the Company produce a wide range of superior engineering products, including can-body stock, for both domestic and export markets. The project is slated for completion towards end-2011. Around 3,000 people are working at the site.
Westwood Aluminum Castings Inc. expects to terminate all 87 of its employees by Friday, the Waukesha foundry said Tuesday in a notification to the state Department of Workforce Development.
While the standalone numbers were in line with analysts’ expectations, its global subsidiary Novelis, reported above-expected results. Going ahead, given the prevailing global scenario, Hindalco is likely to face some challenges. The declining LME aluminium prices (around $2,412 at present) do not bode well. Analysts were concerned on Novelis, as demand for its automotive and electronic segment may get impacted in the near term. Due to the near-term concerns, analysts felt the stock (down 14.3 per cent over the last one month) may continue to remain under pressure.
Finland's Luvata Group will invest $1 million to expand its aluminum parts output at the company's plant in Grenada, Miss., the company said Tuesday. The expansion will be completed during 2012, the company told Dow Jones Newswires. The international metals fabricator supplies copper and aluminum products to a variety of manufacturers across North America, Europe and Asia.
Novelis has appointed Marco Antonio Palmieri Senior Vice President of Novelis and President, Novelis South America, effective August 22, 2011.
Advance Auto Parts, Inc. (NYSE:AAP) went up 1.62%, to close at $55.17 and its overall traded volume was 1.34M shares in the last trading session. AAP opened at $55.73 and is trading within the range of $54.64-$56.14. The 52-week range of the stock is $49.50 – $72.32.
Aluminum products maker Novelis expects strong demand from the auto industry to offset softness in the US beverage can business and a pullback by European electronics consumers. Mr Phil Martens CEO of Novelis said that fiscal Q2 results could be slightly better than a year ago as the company forges ahead with plant expansions to handle expected growth in aluminum consumption. The market demand for aluminum continues to be very strong. In the automotive market, the story is about global demand. The number of high end cars with major aluminum parts being sold into Asian markets. Also, US automakers were expected to produce some 12 million vehicles this year, so net net, shipments in the US are up.
Flat Rolled Product production was lower due to the sluggishness in the market. Production of Extruded products was affected as operations at Alupuram, Kerala continued to be hampered following the lock out declared on February 22nd 2011.
Alcoa and the aluminum industry play a major role in the new effort to reduce GHG emissions and increase fuel efficiency for medium and heavy trucks and buses announced last week by the Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration. The first-of-their-kind fuel efficiency and emission standards are projected to save businesses that own and operate commercial vehicles approximately $50 billion in fuel costs over the life of the program.
Hong Kong stocks jumped, with the Hang Seng Index gaining the most in two years, as companies reported improved earnings and rising U.S. retail sales boosted confidence demand is growing in the world’s largest economy. China Hongqiao Group Ltd., an aluminum products maker, soared 5.8 percent to HK$6.40.
