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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Noranda announces special meeting to seek stockholder approval of reverse stock split
Noranda Aluminum Holding Corporation announced today that it has received written notice from the New York Stock Exchange that the Company is not in compliance with one of the NYSE's continued listing standards because the average closing price of its common stock was less than $1.00 per share over...
US primary Aluminium output declines in May: USGS
US mines have produced 142,000 tons of primary aluminium in May this year, according to latest data from the U.S. Geological Survey (USGS). The average daily production was 4,570 tons in May, essentially the same as the daily production during the preceding month but 3% less than that in May 2014....
CRL- U.S. Aluminum expands its office partitions line with 487 Series Integrated Slider
New Slider Combines a Contemporary Profile with Added Functionality for More Dynamic Office Space Designs. CRL-U.S. Aluminum's line of office partition systems gives architects, interior designers, and glazing contractors the ability to design and build customized office spaces that combine utility...
Century Aluminum permanently closes Ravenswood, WV plant
Ending a years-long battle with public officials, former employees and utility companies, Century Aluminum announced at 8 p.m. July 27 it will permanently close its Ravenswood, WV plant, effective immediately. The Ravenswood smelter had been idled since February 2009, putting 650 employees out of...
GM's Chevrolet and Ford wage pickup wars over aluminum
The pickup wars have broken out again. Ads from General Motors' (GM) Chevrolet are attacking rival Ford's (F) innovative aluminum-body F-150 pickup as too costly and too slow to repair. In online ads -- one of which features National Football League hall of famer and broadcaster Howie Long --...
Beer boost: Crown eyes up beverage can growth markets
Crown Holdings says good ties with craft brewers bodes well for the future, as more companies look to cans for their products. Beer is also playing a big part in the beverage can manufacturer’s plans for Mexico: a country seeing growth in beer and brewers, a shift towards cans over bottles, and...
Crysteel Manufacturing introduces aluminium Landscape Dump Body
Minnesota based Crysteel Manufacturing launched the new Aluminum Landscape body combining the strength and durability of the Crysteel Landscape body with the lightweight efficiency of aluminum construction. The dump body also includes increased payload capacity, corrosion resistance and lower...
North American aluminum scrap prices declined
The North American Aluminum scrap prices declined on ScrapMonster Price Index as on Tuesday. 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, 6061 Extrusions, 6063 Extrusions and 6063...
Ford launches deluxe aluminum-bodied F-150 pickup
US automaker Ford rolled out a deluxe version of its F-150 aluminum-bodied pickup truck Tuesday, betting on high-end touches as it ramps up production of its most popular vehicle. Dubbed the F-150 Limited, the light-duty truck is loaded with gadgets, including a 360-degree camera, massaging front...
Aluminum Association updates on shipments of aluminum products in North America
According to the Aluminum Association reports, estimated shipments of Aluminum Foil by U.S. and Canadian producers totaled 82.4 million pounds during June 2015, a decrease of 7.0 percent from the June 2014 total of 88.6 million pounds. Compared to the previous month, shipments were off 4.1 percent...
Kaiser Aluminum beats Wall Street's revenue outllook for Q2
Kaiser Aluminum Corp., the Foothill Ranch-based maker of semi-fabricated aluminum products for defense, aviation and automotive industries, beat Wall Street expectations on second-quarter revenue and income. The company posted net income of $20 million, or $1.11 per diluted share, compared to net...
Seasonal sales push Hydro's second quarter 2015 downstream earnings to record high
Hydro's underlying earnings before financial items and tax declined to NOK 2,667 million in the second quarter from NOK 3,208 million in the first quarter of 2015, mainly reflecting lower aluminium prices and premiums. Stronger seasonal sales volumes lifted downstream results to the highest level...
Aluminum has bright future, but repairs could be pricey
Aluminum is a big part of the greener future of cars and trucks, offering lighter weight, more strength, less corrosion and improved fuel economy. However the repair work for the automotive could be quite costly too. “It’s going to be a big shift,” says Bill Davidge, national technology manager of...
Norsk Hydro: Sapa (joint venture) - Announcement of results for the second quarter 2015
Underlying EBIT for Sapa increased compared to the previous quarter, due to seasonally higher sales volumes, strong North American market development, as well as improvement programs progressing ahead of plan across the organization. The second quarter results were also impacted negatively by...
Century Aluminum sets date for second quarter 2015 earnings announcement
Century Aluminum Company will report second quarter 2015 earnings on Thursday, August 6th after the close of market trading. The news release will be issued through Marketwired. The company will hold a follow-up conference call on Thursday, August 6th at 5:00 p.m. Eastern time. The earnings call...
Rio Tinto releases strong second quarter production results
Rio Tinto releases strong production results for second quarter 2015 across all sectors. Rio Tinto chief executive Sam Walsh said “We have maintained our emphasis on efficiency and protecting returns, which is reflected in this solid production performance. We have also delivered three significant...
Ford offering $10,000 discount on new aluminum F-150 pickup
Ford Motor Co. has begun offering discounts that can exceed $10,000 on its new aluminum-bodied F-150 pickup, which has been losing sales and market share this year as the automaker works to build inventory on dealer lots. The company’s website offers “up to $10,029 in total savings” on a 2015 F-150...
C.R. Laurence opens U.S. Aluminum headquarters in Waxahachie, Texas
C.R. Laurence announced the opening of its new U.S. Aluminum Manufacturing and Distribution Headquarters in Waxahachie, Texas. This new 350,000-square-foot state-of-the-art facility serves as a centralized operations anchor that allows U.S. Aluminum to stock larger inventories, reduce lead times,...
