US industrial policy needs to be systematic, not just ad hoc – Part 2
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 2 Impact #5 of ad hoc industrial policy: Failing to use all required tools Industrial policy is often caricatured as just tariffs and subsidies. Mis-framed debates that evaluate the merits of tariffs in...
Can Oklahoma reshape US aluminium supply? EGA’s Ziad Fares explains the project
As the US seeks to rebuild its domestic aluminium production capacity, Emirates Global Aluminium (EGA) and Century Aluminum are advancing plans for a new primary aluminium smelter in Inola, Oklahoma, targeting more than 750,000 tonnes of annual production. In this exclusive conversation with AL...
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Requests for aluminium, steel tariffs exclusion accepted by US Government from today
Ever since US President Donald Trump has imposed heavy tariffs on imported steel and aluminium for reviving unfair business practices within the nation, a series of apprises related to it is crossing our path. Now the latest news is the US Commerce Department is all set to begin accepting requests...
Asia Pacific automotive wheel market to garner a massive chunk of the global industry over 2017-2024
The escalating development in global automobile sector is poised to generate commendable growth avenues for automotive wheel market in the ensuing years. Automobile producers have been adopting new manufacturing techniques to comply with emission control regulatory norms. Researchers have also been...
Andersen acquires Arizona aluminium windows and doors manufacturer
Andersen Corporation, headquartered in Minnesota, has acquired Heritage Windows and Doors, a manufacturer of custom, high-quality aluminium windows and doors for the luxury residential and commercial market in Gilbert, Arizona. "The acquisition of Heritage expands Andersen's product portfolio,...
Former Noranda smelter in Missouri to restart two potlines this year
Spurred on by hopes that U.S. President Donald Trump’s 10-percent aluminium tariffs will usher in a better landscape for the production and sale of primary aluminium, the shuttered smelter formerly owned by Noranda Aluminium in the bootheel region of Missouri announced on Friday the restart of two...
AMAG’s operating result for 2018 to be hit by US tariffs on aluminium imports
AMAG, a leading Austrian premium supplier of high-quality aluminium cast and flat rolled products has expressed concern over the imposition of 10% punitive tariff on aluminium imports to USA On March 8, 2018. In response to USA’s tariffs on aluminium imports, Helmut Wieser, CEO of AMAG Austria...
Trump signs proclamation on aluminium, steel tariffs, exempts Canada, Mexico
President Donald Trump has signed proclamation imposing 10 per cent tariff on aluminium and 25 per cent levy on steel. The new tariffs will go into effect in 15 days. The move is likely to face retaliation from its major trading partners, the European Union and China. Trump said Canada and Mexico...
New aluminium smelter to open in New Madrid
A new aluminium smelter will open in New Madrid County, Missouri, at the site of the former Noranda Aluminium plant, state and federal officials said Tuesday. State Rep. Don Rone, R-Portageville, and U.S. Rep. Jason Smith welcomed the jobs the new Magnitude 7 Metals plant will create. Gov. Eric...
U.S. recycled aluminum alloy producers form Aluminum Recyclers Council (ARC)
Recycled aluminium alloy producers from across the United States formed the Aluminum Recyclers Council (ARC) in January 2018, a press release from the newly formed organization confirms. The Council was formed in order to have a unified voice for these key industry participants in dramatically...
Trump may exempt tariffs if ‘new & fair NAFTA agreement is signed’
President Donald Trump announced that his tariffs plan on imported aluminium and steel might be exempted Mexico and Canada if they agree to a new & fair NAFTA agreement. "We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for USA....
Recovery of aluminium from scrap in the U.S. on the rise year on year in 2017
According to aluminium recycling statistics published by the U.S. Geological Survey, Department of Interior, the U.S. aluminium industry purchased an estimated 315,280 tonnes of aluminium scrap during December 2017, essentially unchanged from the December 2016 total. USGS estimates that recovery of...
End user sectors concerned over U.S. aluminium tariffs
American industries are expressing concerns over aluminium tariffs since they require aluminium for use in cars, aircrafts, beer, electronic etc. Higher prices of raw materials in the U.S. would lead to higher prices of products. Automakers and other users have already expressed dissatisfaction...
Aluminium tariff will push up cars and trucks prices, Toyota says
Toyota Motor Corporation said it expects the prices of car and truck to increase in the U.S. due to new tariff on imported products. Toyota said Trump’s decision to impose duties on imported aluminium and steel will adversely impact automakers. The company buys majority of aluminium and steel for...
Constellium opens a new automotive structures plant in San Luis Potosí, Mexico
Constellium N.V. announced the grand opening of its new Automotive Structures plant in San Luis Potosí, Mexico on March 1, to supply aluminium Crash Management Systems and structural components to automakers in Mexico. The 5,000 sq m facility in San Luis Potosí features the latest technology for...
Patrick Industries acquires Indiana based Aluminum Metals Company
Patrick Industries, Inc. announced complete acquisition of the business and certain assets of Aluminum Metals Company, LLC, based at Elkhart, Indiana. AMC is a manufacturer and distributor of aluminium products including coil, fabricated sheets and extrusions, in addition to roofing products for...
Aluminium product shipment by the U.S. and Canada increase in January 2018
According to the latest report from Aluminum Association, shipments of Aluminum Extruded Products (extruded shapes, pipe & tube, and rod & bar) by U.S. and Canadian producers stood at an estimated 204 thousand tonnes during January 2018, up 3.6 per cent over the volume in January 2017. On a month...
Century Aluminum shifts from net loss in 2016 to improved net income in the full year 2017
Century Aluminum Company today announced fourth quarter and full year 2017 results. Q4 2017 Highlights Century Aluminum Company reported net income of $35.8 million for Q42017 in comparison to the net income of $20.8 million for the third quarter of 2017. Results were favourably driven by a $7.3...
Data shows a decline in aluminium scrap export by Mexico in 2018
Mexico’s exports of aluminium scrap, a significant resource to be used as raw material to produce secondary aluminium, represent 1.4% of the total exports. Following an increase in 2016, exports of aluminium scrap from Mexico decreased in 2017. The country is estimated to witness a decrease in...
Canada optimistic about being exempted from proposed tariffs on steel and aluminium import
Canada, the biggest exporter of steel and aluminium to the U.S. is optimistic about being exempted from Trump administration’s crackdown on steel and aluminium import. Though the U.S. Commerce Department didn’t mention any exemption for Canada in its report where possible tariffs and quotas were...
