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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Auto industry shift to aluminum slower than expected, Novelis warns
Novelis Inc., the world's largest rolled aluminum producer, warned that plans to shift rolling mill capacity to automotive body sheet are progressing slower than anticipated as automakers prove slow to follow Ford's lead in widespread use of the metal. Novelis CEO Steve Fisher said the industry is...
Sapa says U.S. investigates aluminium product test manipulation
Norwegian aluminium products maker Sapa said that some employees at its plant in Portland, Ore. had falsified test records for two decades and that the U.S. authorities were investigating the company. Sapa, a joint venture between Orkla and Norsk Hydro , two of Norway's biggest industrial firms,...
Global glut of aluminium sinks once strong U.S. Industry
Alcoa’s latest aluminum-making cutback is signaling the end of an iconic American industry. For 127 years, the New York-based company has been churning out the lightweight metal used in everything from beverage cans to airplanes. Now, with prices languishing near six-year lows, it’s wiping out...
Alcoa to lay off 500 at its Massena aluminium smelter
Aluminium major Alcoa says it will be shutting down its West smelter plant in Massena and will abandon plans to modernize the already-shuttered Massena East plant. The announcement from the company will put nearly 500 people out of work, the latest in a long series of cutbacks in Alcoa's Massena...
Recycling plants struggle to remain efficient and feasible
Americans generate about 254 million tons of trash and recycle and compost about 87 million tons of this material, which adds up to a 34.3 percent national recycling rate. Recycling and composting prevented the release of approximately 186 million metric tons of carbon dioxide in 2013, according to...
Huge participation expected in Detroit Automotive Lightweight Procurement Symposium
The third Automotive Lightweight Procurement Symposium will be kicked off At the Cobo Center in Detroit, USA on Monday, the 9th of November. The event is the ideal location to listen and interchange with executive speakers & delegates from leading OEMs & Tiers like FORD, MERITOR, BOCAR, DAIMLER,...
Linde oxyfuel remelting technology speeds shift to automotive aluminum
With the demand for automotive aluminum accelerating in the U.S., Linde LLC is focusing its global expertise in oxyfuel technology on improving both the casthouse processing and heat treating of aluminum and aluminum alloy products. At the Aluminum Show 2015 in Detroit, November 11 and 12, Linde...
Orbite closes C$22M non-dilutive debt facility
Orbite Technologies Inc. announced that it has completed a secured debt financing totalling up to C$22 million (or US$16.95 million) in the aggregate. The Facility is comprised of a US$6.5 million revolving credit facility, term loan A (US$0.45 million) and term loan B (US$10.0 million) - all with...
Alexandria plans $8.5M expansion at its aluminium extrusion plant
Alexandria Extrusion MidAmerica LLC is planning an $8.5 million expansion at the aging Indianapolis plant it bought in 2012. The Department of Metropolitan Development disclosed the plans this week in a tax-abatement request that will be heard by the Metropolitan Development Commission on...
US aluminium premiums surge as Alcoa production cutbacks signal turnaround
US aluminium premiums have jumped to their highest in three months after Alcoa announced plans to idle the bulk of its US smelting capacity, stirring speculation among traders that the market may have turned a corner. Spot CME Midwest premiums rose to 8 cents/lb on Monday for the biggest one-day...
Alcoa reports progress towards aluminium business targets at 2015 Investor Day
Lightweight metals leader Alcoa reported progress on the company’s performance against three-year financial targets and its continuing transformation as it prepares to separate into two industry-leading, publicly-traded companies. Alcoa also outlined a clear roadmap to complete its separation in...
Aleris reports Q3 2015 results- adjusted EBITDA up 24% Q-o-Q
Aleris Corporation reported results for the three and nine months ended September 30, 2015. Except as otherwise indicated, all amounts reflect the divested recycling and extrusions businesses as discontinued operations. Third Quarter Summary: • Adjusted EBITDA of $68 million, up 24 percent compared...
Kobe Aluminum Automotive Products plans expansion
Kobe Steel, Ltd. announces that its U.S. joint venture, Kobe Aluminum Automotive Products, LLC (or KAAP), will expand its production facility to meet the growing demand in North America for aluminum forged suspension products. KAAP will invest approximately $56.6 million in capital investments....
Shipston Equity Holdings acquires aluminium design and casting company
Shipston Equity Holdings, LLC, a privately owned company, today announced the acquisition of Compass Automotive Group, LLC, a premier aluminium design and casting company. Effective immediately, Compass will be renamed Shipston Aluminum Technologies, International (SAT). Terms of the transaction...
U.S. aluminum companies join hands against China's anti-competitive trade practices
Aluminum companies across the United States have come forward to form a new coalition aimed at fighting trade practices by China they think will cause potential damage to the U.S. aluminum indusrty in as little as eight to nine months. The coalition holds China responsible for heavily subsidizing...
Aluminium structural components showcased in SAG Tech Days North America 2015
SAG Tech Days held at each of the two US truck manufacturers and current SAG customers Navistar-International respectively Daimler Trucks North America in mid September were a huge success. Thereby less known possibilities from SAG as Rheocasting or aluminum structural components in general were...
Sapa continues improvement in financial results
Sapa continued to improve its financial performance with a third quarter result that was significantly better than its result in the same quarter last year. Underlying EBIT in the third quarter was NOK 404 million, compared with NOK 201 million last year. The increase was driven by positive...
North American aluminum scrap prices declined on Index 28th Oct, 2015
The North American aluminum scrap prices declined on ScrapMonster Price Index as on October 28th, Wednesday. 1100 Scrap prices declined by $0.01 per Lb. The prices of 3003 Scrap too fell $0.01 per Lb. A down move of $0.01 per Lb was witnessed in 356 Aluminum Wheels and 6061 Extrusions. Meantime,...
