Downstream weekly recap: July 2023 sees a 5% dip in Japan's rolled aluminium shipments

The shipping of rolled aluminium goods in July decreased by 5.1 per cent year on year, totalling 145,429 tonnes, according to statistics from the Japan Aluminium Association's "Overview of Production and Shipments of Rolled Aluminium Products." Concurrently, output fell 5.6 per cent Y-o-Y, totalling 147,351 tonnes. According to the European Aluminium Foil Association (EAFA), aluminium foil deliveries fell 9.4 per cent in the first six months of 2023, reaching 444,000 tonnes. The Association also revealed that deliveries fell 15 per cent year on year in the second quarter due to sluggish demand, which resulted in destocking. On Monday, August 28, India's major rating agency, ICRA, indicated that due to the government's focus on infrastructure development, domestic aluminium demand growth would likely remain robust at over 9 per cent for the next two fiscal years (FY24 and FY25).

According to the data from the "Overview of Production and Shipments of Rolled Aluminium Products" provided by the Japan Aluminium Association, the shipment of rolled aluminium products in July witnessed a year-on-year decline of 5.1 per cent, totalling 145,429 tonnes.

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The European Aluminium Foil Association (EAFA) showed that aluminium foil deliveries experienced a demand drop of 9.4 per cent in the first six months of 2023, reaching 444,000 tonnes. The Association further reported that deliveries in the second quarter dropped by 15 per cent Y-o-Y amid weak demand resulting in destocking.

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On Monday, August 28, India's significant rating agency, ICRA, stated that given the government's emphasis on infrastructure development, domestic aluminium demand growth is expected to continue solid at approximately 9 per cent over the next two fiscal years (FY24 and FY25).

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Termomecanica, a Brazil based manufacturer of aluminium products, has bagged the Top SBC 2023 trophy in honour of its continuing contribution to the municipality's and the Greater ABC Paulista regions economic, social, and sustainable growth. 

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Lorin Industries, Inc. is teaming up with Isaiah Industries to offer anodized aluminium for roofing panels. Lorin, the global leader in coil anodized aluminium, brings its expertise in this field to the partnership, while Isaiah Industries contributes its extensive experience in the roofing industry.

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Global Trade Sales, a Wangara-based company, won a two-year contract worth US$14 million in May last year to design and construct five new jetties at Hillarys Boat Harbour and replace one jetty at Fremantle Fishing Boat Harbour.

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On Monday, Godha Cabcon and Insulation received an INR 56.6-crore work order from Overseas Metal and Alloys. Godha Cabcon stated that the order is for providing aluminium weasel conductors and HT power cables. Regarding order execution, the corporation said the projected delivery time is within 30 days after placing the order. 

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AML3D Limited, with a head office in Edinburgh, Australia, has secured an AUS$2.02 million contract to produce replacement metal components for US Navy submarines using its Additive Manufacturing technology. These components would be made of standardised nickel-aluminium-bronze (NAB) alloy by AML3D.

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Pittsburgh-based Arconic Corporation, a prominent supplier of aluminium sheets, plates and extrusions, announced the completion of its US$5.2 billion acquisition by Apollo Funds and Irenic Capital Management. Under the transaction terms, Apollo Funds and Irenic paid $30 per share for all outstanding shares of Arconic stock.

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The leading industrial furnace and oven manufacturer, SINC Thermal, announced that it had signed an exclusive license agreement with Japan's Nippon Crucible Co. to manufacture their Shaft-Melter range of furnaces in the US market.

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