AL Circle Analysis: Import rise meets demand growth on aluminium extrusion chessboard
Aluminium’s downstream trade network is getting more fragmented as import dependence, changing end-use demand and trade-policy interventions reshape regional markets. From North America and Europe to Asia-Pacific, the aluminium industry is navigating a market where access to supply, competitive...
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...
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U.S. Senators urge Treasury Secretary to halt Zhongwang takeover of Aleris
<p>According to a Reuter’s report, a dozen U.S. senators urged the Obama administration on Wednesday that a national security review panel rejects China Zhongwang’s proposed $2.3 billion takeover of U.S. aluminium products maker and a major aerospace supplier Aleris Corp. The deal marks...
Century Aluminium plant in West Virginia awaits new ownership
<p>Soon after reporting a net loss of $58.3 million ($0.67 per share) in Q3 2016 against $9.5 million ($0.11 per share) in Q2 2016, Century Aluminium is now awaiting a possible change of ownership, reported an industry source aware of the matter. Speculations are running rife that the aluminium...
Alcoa completes spin-off, Arconic launched amid high hopes
<p>The much talked about demerger is finally complete. Alcoa Corporation has spun off from its parent company Alcoa Inc- now named and listed on the New York Stock Exchange (NYSE) as Arconic Inc (ARNC). Launched as a global leader in precision engineering, multi-materials innovation, and advanced...
Alcoa Corporation Launches as an Independent company in Bauxite, Alumina and Aluminum Products
<p>Alcoa Corporation today announced that it has completed the separation from its parent company Alcoa Inc. (now named Arconic Inc.) and has begun operating as an independent, publicly-traded company listed on the New York Stock Exchange under the symbol “AA.” Alcoa Corporation is a...
Aluminum net shipments in the U.S. and Canada rise YOY in September
<p>According to an Aluminum Association estimate, Aluminum net shipments (including exports) by domestic U.S. and Canadian facilities totalled an estimated 2,027 million pounds during September. This recorded a 2.3 per cent increase YOY over the September 2015 total of 1,981 million pounds.</p>...
Scrap aluminium recovery in the U.S. increases YOY in August
<p>According to the monthly aluminium recycling statistics from the U.S. Geological Survey and the Department of Interior, the U.S. aluminium industry purchased an estimated 781 million pounds of aluminium scrap during August 2016. This records a five per cent increase from the August 2015 total of...
Encore Wire's Q3 2016 margins hit by decline in aluminium wire sales in the US market
<p>Noted electrical wire manufacturer and supplier Encore Wire Corporation announced financial results for the third quarter of 2016-17 fiscal year. The unit volumes were up one per cent in copper pounds shipped and four per cent aluminium pounds shipped over the third quarter of last year....
Constellium appoints Peter R. Matt as Executive Vice President and Chief Financial Officer
<p>Constellium N.V.today announced the appointment of Peter R. Matt as Executive Vice President and Chief Financial Officer. Peter will join Constellium on November 1, 2016, as Executive Vice President and Chief Financial Officer Designate. He will officially become Constellium’s Chief...
Aluminium mill product orders in North America up 1.6% YTD in September; drops MOM
<p>The Aluminium Association’s “Index of Net New Orders of Aluminium Mill Products” for September dropped 5.6 per cent from the previous month. As a whole, new order for all aluminium mill products saw a drop in the U.S. and Canada month on month. Orders for flat roll products...
Secondary aluminium recovery in U.S up 3.3% YTD through July: USGS
<p>The U.S. aluminium industry purchased an estimated 766 million pounds of aluminium scrap during July 2016; according to aluminium recycling statistics published by the U.S. Geological Survey, Department of Interior, slightly up than the July 2015 total of 760 million.<br /><br /><img...
Ohio’s US senators call for WTO action against Chinese aluminium firms
<p>Ohio’s two United States senators issued a joint press release on Friday urging the United States Trade Representative to bring a World Trade Organization case against the People’s Republic of China over its aluminium overcapacity. The senators say that 15,000 American workers have...
Apparent consumption in U.S. and Canada markets up 5.8% in August 2016
<p>According to the Preliminary estimates from Aluminum Association, aluminium demand in the United States and Canada that includes shipments by domestic producers plus imports were an estimated 17,780 million pounds during January to August 2016, an increase of 2.3 per cent over the same period...
Aluminium build company International Mold Corporation announces plant in Spartanburg County
<p>Michigan-based International Mold Corporation which is a design and build company for aluminium has announced its plans to construct its first plant in Spartanburg, South Carolina.<br /><br />A confirmation from Gov. Nikki Haley said that the project is expected to bring $6.2 million in new...
Trailer parts producer Wabash names Gordon Groshong Senior Product Manager, Aluminium
<p>North America’s leading producer of semi-trailers and liquid transportation systems Wabash National has appointed Gordon Groshong senior product manager, aluminium, for its tank trailer business.<br /><br />An industrial manufacturer of global repute, Wabash National boasts a wide range of...
Aluminium die cast component supplier Gibbs announces expansion worth $10mln
<p>The US based aluminium die cast components manufacturer and supplier Gibbs Die Casting has announced expansion of its North American Manufacturing Complex in Henderson at a total investment of $10 million. Gibbs will modify building and install new equipment at the facility to leverage upon the...
Shipments of aluminium products in U.S. and Canada drop slightly in September 2016
<p>According to the estimate of The Aluminum Association, shipments of aluminium products in U.S. and Canada drop slightly YOY and YTD in September 2016.<br /><br />During September 2016, shipments of can stock by domestic producers totalled 355.2 million pounds, slightly up from the September 2015...
US aluminium scrap prices plateau while Chinese aluminium scrap edges higher on Index
<p>In the US, shredded scrap prices rose during the week ended August 19, while major US aluminium scrap commodities weekly average prices on Scrap Register Price Index stayed stable.<br /><br />According to TSI, US Midwest shredded scrap index ticked up $1 a long ton to finish the week at $237 a...
North America’s primary production slightly up in September 2016
<p>The Aluminum Association, in cooperation with the Aluminum Association of Canada, reported that primary aluminum production in North America (U.S. and Canada) was at an annual rate of 3,968,038 tonnes during September 2016 which recorded a rise of 17,363 tpy (+0.4%) from 3,950,675 tonnes in...
