Downstream weekly recap: ADC revokes anti-dumping duties on aluminium profiles imported from Vietnam and Malaysia; AKFA plans to expand aluminium products export in 2022
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. Because commercial manufacturers obtain the products produced here, downstream is one of the most important areas in the aluminium industry. This week the global aluminium downstream sector witnessed some significant events. To begin with, the Australia Anti-Dumping Commission (ADC) had finished its final examination of the anti-dumping tariff period for aluminium profiles from Vietnam and Malaysia. Due to increased demand for building materials, industrial components, and transportation-related items due to the global economy's recovery from COVID-19, AKFA plans to increase its exports. A Virginia jury found Belvac Production Machinery, a pioneer in designing and constructing equipment for aluminium cans, not guilty. The jury determined that container maker Belvac Production Machinery did not infringe on rival Crown Packaging's patents on a machine used to produce aluminium beverage cans.
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According to the Department of Industry and Trade, the Australia Anti-Dumping Commission (ADC) completed its final review of the anti-dumping tax period for aluminium profiles from Vietnam and Malaysia. The Australian Anti-Dumping Commission (ADC) decided not to continue charging antidumping duties on the goods in question.
To know more: https://www.alcircle.com/news/adc-revokes-anti-dumping-duties-on-aluminium-profiles-imported-from-vietnam-and-malaysia-80960
Ontario-based Cymat Technologies boasted about bagging an OEM components development deal from an anonymous “global automotive manufacturer”. Cymat is keen on using SmartMetal, their flagship aluminium foam.
Belvac Production Machinery, a global pioneer in the design and manufacture of aluminium can equipment, was declared clear by a jury in Virginia. The jury found that competitor Crown Packaging's patents on a machine that makes aluminium beverage cans were not violated by container manufacturer Belvac Production Machinery.
AKFA is planning to expand its exports due to augmented demand for construction materials, industrial components and products of the transport sector following the regrowth of the worldwide economy after suffering the pangs of Covid-19. It plans to export US$110 million worth of products in 2022 which is double the export size of 2021, which is US$55 million.
On July 11, Aluminium Stewardship Initiative (ASI) announced the joining of Yinbang Clad Material Co., Ltd, as its new production and transformation member. Founded in 1988, Yinbang Clad Material Co., Ltd is one of the largest producers of aluminium alloy clad plate, strip, and foil for brazing in China.
To know more: https://www.alcircle.com/news/asi-welcomes-yinbang-clad-material-co-as-its-new-production-and-transformation-member-80959
The Commander, Naval Surface Force, U.S. Pacific Fleet (COMNAVSURFPAC) joined hands in collaboration with the Naval Postgraduate School (NPS), Monterey, California, to mount a metal Additive Manufacturing machine on the Wasp-class amphibious assault ship USS Essex (LHD-2). The ship, after the successful installation, will become the first to flaunt a metal AM machine on board, estimating its feasibility in the ocean.
To know more: https://www.alcircle.com/news/us-navys-uss-essex-to-have-an-additive-manufacturing-unit-producing-aluminium-parts-81972
Recent reports by the Information and eGovernment Authority (iGA) confirm a steady 43 per cent growth for the nationally originated exports from Bahrain during the second quarter of 2022, resulting in BD1.35 billion (US$3.59 billion). Last year, the same quarter generated BD943 million, which is substantially low than this year.
Gränges, a supplier of rolled aluminium products for heat exchanger applications, reported strong outcomes despite the challenging environment. The company reported 93 per cent sales volume in the second quarter of 2022 (2Q2022), despite the harsh COVID-19-related lockdowns in China. The net sales volume surged to SEK 6,875 million (4,609) in the second quarter of 2022.
To know more: https://www.alcircle.com/news/granges-reported-record-net-sales-of-sek-6-875-million-in-2q2022-amidst-a-cha
As of July 14, the domestic aluminium billet social inventory closed at 98,500 tonnes, down by 3,200 tonnes W-o-W. Overall, decreased aluminium prices improved downstream consumer confidence. The durability of destocking will need strict monitoring, given the consistent output of aluminium smelters and the rise in arrivals.
To know more: https://www.alcircle.com/news/aluminium-billet-inventories-in-china-tumble-down-by-3-200-tonnes-w-o-w-to-98-500-tonnes-81988
Sortera Alloys, a Fort Wayne, Indiana-based firm that produces aluminium packaging from shredded automobiles using proprietary sorting technology and artificial intelligence (AI), acquired $10 million in fundraising led by Assembly Ventures with additional capital from Breakthrough Energy Ventures and Novelis.
Aluminium billet inventories in China tumble down by 3,200 tonnes W-o-W to 98,500 tonnes
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