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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EPA’s new restrictions may hamper Kentucky’s aluminium industry
EPA’s proposed rules threaten to dampen the aluminum industry in Kentucky which has just started coming out of trouble. Kentucky has attracted the aluminum industry because of its abundant coal and the lowest electricity bills in the country contributing 40 percent of America’s total aluminum...
Ford makes over another icon by going aluminum
The F-150 isn't the only Ford Motor Co. icon that's been changed to aluminum this year. Get behind the wheel of the 2016 Ford Explorer Platinum, which goes on sale in a few months, and you'll notice that something familiar is missing: the Ford Blue Oval. For the most expensive Explorer series ever,...
Alcoa Snags Metals Company of the year and industry leader-aluminum at Platts Global Metals Awards
U.S.- based Alcoa, a global leader in lightweight metals technology, engineering and manufacturing, walked away with two of the most prestigious titles at the third annual Platts Global Metals Awards, which recognize exemplary performance in a dozen categories across the steel, metals and mining...
New study shows strong economic impact of the U.S. Scrap recycling industry
The Institute of Scrap Recycling Industries (ISRI) today released a new Economic Impact Study revealing that the industry accounts for nearly half a million jobs in the U.S. and generates more than $105 billion annually in economic activity. The study was performed by the independent consulting...
Near term challenges for Hindalco
Novelis, the American subsidiary of Hindalco Industries, which is a producer of value-added aluminium products, reported a weak performance for the quarter ending March. Operating earnings (before interest, taxes, depreciation and amortisation, or Ebitda) per tonne was around $265, about a fifth...
Michael Köhler appointed vice president of Reed Exhibitions USA
For seven years, he’s been one of the brains behind the materials trade fairs ALUMINIUM and COMPOSITES EUROPE. Now Michael Köhler (36) will move to Reed Exhibitions USA, where, as the new vice president, he’ll be responsible for developing and advancing the company’s portfolio of industrial shows....
North American Aluminum scrap prices declined on Index, 19th May, 2015
The North American Aluminum scrap prices declined on ScrapMonster Price Index as on May 19th, Tuesday. 1100 Scrap prices declined by $0.02 per Lb. The prices of 3003 Scrap too fell $0.02 per Lb. A down move of $0.02 per Lb was witnessed in 356 Aluminum Wheels and 6063 Extrusions/Fe. Meantime,...
Aluminum Association study finds aluminum cans to be the most recycled, highest value beverage container on the market
Aluminum cans are the most recycled and highest value beverage container on the market today, according to a new report released by the Aluminum Association and Can Manufacturers Institute (CMI), and available at www.aluminum.org/CanAdvantage . The aluminum can has the highest recycling rate of any...
Aluminum Association updates on downstream market situation in North America
The Aluminum Association’s “Index of Net New Orders of Aluminum Mill Products” for April decreased 5.5 percent from the previous month. Orders for flat roll products were down 6.8 percent, while orders for extruded products declined seven-tenths of one percent and orders for redraw rod were off 6.3...
Southwire sees no aluminum supply disruption from Century lockout
May 19 Cable and wire manufacturer Southwire has taken steps to ensure supplies to its Kentucky rod plant continue, a spokesman said on Tuesday, as a lockout at supplier Century Aluminum Co's nearby smelter enters its second week. "We have taken steps to ensure that we have an adequate supply of...
Century Union workers ready to negotiate deal again; dates not yet fixed
Union workers that are locked out of the Century Aluminium say they want to restart negotiations however no dates have yet been fixed. President of the United Steelworkers Local 9423, Andy Meserve says they want a deal not a lock out, representing more than 560 locked out workers at the smelter....
Kobe Aluminum celebrates 10 years in Kentucky
Gov. Steve Beshear today joined company and local officials at Kobe Aluminum Automotive Products LLC (KAAP) to celebrate the company’s 10th anniversary in Bowling Green. The company’s leadership from Japan also participated in the event. “Today is a celebration of success,” said Beshear. “Kobe...
Century Aluminum lockout continues
More than 550 United Steel Workers union members are still picketing outside a Century Aluminum plant in Hawesville. The two sides, we're learning, are no closer to a resolution. A vending machine supplier is fighting rumors that it crossed picket lines to service Century Aluminum's snack machines....
US Aluminium Scrap prices show flat trend; LME Aluminium settles down to $1,846 a ton
United States major aluminium scrap commodities prices showed a flat trend on Thursday, while the futures prices at London Metal Exchange settled down 0.7% at $1,846 a ton. As per Scrap Register Price Index, major aluminium scrap commodities like 356 auto wheels, 5052 alum clip, 6061 alum...
Century Aluminum US plant lockout in prospect after union rejects deal
The United Steelworkers union has rejected a pay deal from Century Aluminum for workers at the fourth-largest aluminium smelter in the US, the local branch said on Tuesday, and a lockout is now set to go ahead. Unionised workers at the Century Aluminum smelter in Hawesville, Kentucky, had voted on...
Constellium reports solid first quarter 2015 financial results including Wise Metals
Constellium N.V. today reported results for the first quarter ended March 31, 2015. Highlights below are in comparison to the first quarter of 2014. • Shipments of 381 thousand metric tons, up 41% • Revenue of €1.4 billion, up 58% • Adjusted EBITDA of €95 million, up 34% • P&ARP revenue more than...
Aleris reports first quarter 2015 results
First Quarter 2015 Results Adjusted EBITDA totaled $55 million for the first quarter of 2015 compared to $43 million for the first quarter of 2014. First quarter results were impacted by the following: • Higher shipment volumes of 15 percent, due primarily to our acquisition of Nichols, 17 percent...
Hindalco slips on weak performance by Novelis
Shares of aluminium major Hindalco fell over 3 per cent on Wednesday after its US subsidiary Novelis reported weak results. A 20 per cent drop in operating profits during the March quarter dampened investor sentiment as the subsidiary brings in around two-third of Hindalco’s consolidated revenues...
