Downstream weekly recap: Vietnam to carry out anti-dumping investigation on Chinese aluminium; Novelis rules out Russian aluminium

The downstream aluminium market saw an eventful week from October 9 to 13, with Vietnam initiating its first anti-dumping sunset review on Chinese aluminium profiles, Novelis Europe ruling out Russian aluminium from the metal supply tender, Airbus renewing its supplying contract with AMAG, and so on and so forth.

The Ministry of Industry and Trade of Vietnam issued Notice No. 2537/QD-BCT on October 3, 2023, to commence implementing the first anti-dumping sunset review investigating aluminium profiles originating from the People's Republic of China.  The specific Vietnamese tax codes associated with the products under investigation are 7604.10.10, 7604.10.90, 7604.21.90, 7604.29.10 and 7604.29.90.

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At LME Week, Novelis Europe announced to rule out Russian aluminium from its metal supply tender 2024. It is when the industry people – consumers, producers, and traders come together to buy and sell aluminium for 2024. Novelis currently buys some aluminium from Rusal under contracts signed before the Russia-Ukraine conflict. But since the geo-political war began, the former restrained itself from entering into new deals with the latter for aluminium, said Emilio Braghi.

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Metra S.p.A., the Italy-based manufacturer of vertically-integrated complex extruded aluminium profiles, completed the acquisition of Extruded Aluminium Corp. (EAC), Michigan-based recycled-content aluminium producer, and its affiliated company Belding Machinery and Equipment Leasing LLC. The news came after Metra CEO Enrico Zempedri officially announced the acquisition completion, saying: “The acquisition of EAC marks a significant milestone for Metra as it accelerates our geographic expansion within North America and continues our end-market diversification strategy, including entry into the high growth North American utility grade solar industry.”

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Airbus, the world's largest manufacturer of airliners, renewed the aluminium rolled products supply contract with AMAG Austria Metall AG, which positioned the company to capitalise on escalating aircraft production rates and an expanded market presence. In the coming years, AMAG will continue delivering certified rolled products to Airbus, predominantly intended for use in all Airbus aircraft models' structural components and exterior panels.

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Novelis, a leading sustainable aluminium solutions provider and world leader in aluminium rolling and recycling, also renewed its longstanding partnership with Airbus. This contract renewal marks the continuation of their highly successful and collaborative relationship, which has endured for over three decades.  Novelis has secured a contract to provide Airbus with plates and sheets, including specialized wingskins explicitly designed for the A320 aircraft family. 

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Shinhwa, a leading automotive manufacturer, has expanded its first manufacturing plant in Auburn with two new production lines dedicated to producing aluminium parts for electric vehicles.

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The Foshan General Chamber of Commerce and Foshan Enterprise Federation recently unveiled the "2023 Top 100 Foshan Enterprises, Top 100 Manufacturing Enterprises, and Top 100 Private Enterprises" list on September 27th. In 2023, Guangdong Weiye Aluminium Factory Group Co., Ltd. achieved notable rankings in various prestigious lists in Foshan. Precisely, the company ranked 76th in the "Top 100 Enterprises in Foshan", 60th in the "Top 100 Private Enterprises in Foshan", and 38th in the "Top 100 Manufacturing Enterprises in Foshan". These rankings reflect the company's commendable performance and standing within the local business community.

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The European Union is gearing up to investigate excess capacity in China's steel industry, potentially leading to a 25 per cent tariff being imposed on imports from the second-largest global economy. Furthermore, aluminium is under scrutiny within the EU, with officials considering a 10 per cent tariff on shipments from China and other non-market economies. This investigation forms part of a political accord with the United States, which is set to be unveiled during an upcoming bilateral summit in Washington next week. The agreement will also involve the removal of specific existing US tariffs on steel and aluminium imports from the EU. 

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Henan Mingtai Aluminium made a public announcement regarding its business performance for September. The sales figures for September indicated that 97,800 tonnes of aluminium sheets and foil were sold, along with 10,000 tonnes of aluminium profiles. In the first half of September, the sales volume for aluminium sheets and foil reached 915,800 tonnes, while the sales volume for aluminium profiles amounted to 10,400 tonnes.

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