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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Alba Q3 Results surge ahead of expectations
Q3 2014 Industry Highlights: • World consumption up by 8% year-on-year (YoY) while world production up by 6% YoY. Asian demand up by 11% YoY propelled mainly by a robust growth in China (+14% YoY) on the back of government stimulus and infrastructure investment. Consumption in North America remains...
Novelis reports solid second quarter of fiscal year 2015 results
Novelis, the world leader in aluminum rolling and recycling, today reported net income attributable to its common shareholder of $38 million for the second quarter of fiscal year 2015 compared to $23 million in the second quarter of fiscal year 2014. Excluding certain tax-effected items, net income...
Aluminum Association updates on North American market
Estimated U.S. foundry shipments of aluminum castings totaled 1,198.2 million pounds during the second quarter 2014, an increase of 5.0 percent over the second quarter 2013 total of 1,141.4 million pounds. Compared to the previous quarter, shipments rose 1.0 percent over the first quarter 2014...
One for All program designed to boost recycling in eastern Pennsylvania
Lycoming County (Pennsylvania) Resource Management Services (LCRMS) has celebrated the grand opening of its $5.3 million single-stream material recovery facility (MRF) and the subsequent launch of a new regional recycling program called One for All. According to Jason Yorks, Lycoming County...
Aluminum Association updates on North American downstream aluminium market
Shipments of aluminum sheet and plate, as reported by North American (U.S. and Canada) producers, totaled 2,136 thousand pounds in the third quarter of 2014, up 5.2 percent over the third quarter 2013 total of 2,030 thousand pounds. Shipments to the transportation market were up 25.3 percent Y-o-Y,...
Aleris’ performance in the downstream segment in Q3 2014
Aleris released its report for the 2014 third quarter earnings with a statement that spoke about the company’s intension of focusing on rolled product capabilities among other things. The company has already faired well in the department and is planning to grow further to deliver more value-added...
Aleris reports update on Recycling and Specification Alloy Business
Aleris Corporation reported results for the three and nine months ended September 30, 2014. The company updates the following about their Recycling and Specification Alloy Business: Recycling and Specification Alloys North America ("RSAA") RSAA's segment income and segment Adjusted EBITDA increased...
Aldora aluminum acquires Florida-based Peterson Industries
Aldora Aluminum & Glass acquired the assets of Peterson Industries Inc., a Florida-based manufacturer of framed and frameless shower doors, mirror doors, closet doors and glass enclosures, according to an announcement from Superior Capital Partners LLC, a Detroit-based private equity firm, and...
Aleris Corporation today reported results for the three and nine months ended September 30, 2014.
Third Quarter Summary • Adjusted EBITDA of $83 million; Net income of $26 million • Sequential and year-over-year Adjusted EBITDA improvement of 28 percent and 22 percent, respectively • Higher volumes due to automotive, and building & construction volumes and the Nichols acquisition • Global...
Ford body shops gear up for aluminum
The first 2015 aluminum-body Ford F-150 pickup will hit the road in December, but Ron Needham and his crew of technicians at the Prestige Ford collision shop in Garland, Texas, expect to see their first repair job much sooner than that. That's because a few pickups will sustain minor damage en...
Alcoa announces investment to further aerospace manufacturing leadership
Lightweight metals leader Alcoa today announced a $190 million investment at its Davenport Works, Iowa, facility to expand its product offerings in the aerospace and industrial markets. Alcoa is installing manufacturing technology to enhance the performance of thick aluminum and aluminum-lithium...
Alcoa Foundation Awards $45,000 grant to Collision repair education foundation
The Collision Repair Education Foundation has announced that Alcoa Foundation, the philanthropic arm of Alcoa, a global leader in lightweight metals technology, engineering and manufacturing, awarded the Collision Repair Education Foundation a $45,000 grant that will sponsor 15 collision school...
Century Aluminum CEO says no timetable for Ravenswood restart
Century Aluminum's idled Ravenswood, West Virginia plant isn't likely to come out of mothballs in 2014. During the company's third quarter conference call Oct. 29, CEO Mike Bless told analysts the company is still working on the power agreements that would enable them to restart the plant,...
Auto parts maker Wheels India to focus on exports to sustain growth
Wheels India Ltd, an automotive wheel manufacturer, is depending on the export market to sustain its growth. The company’s investments of ?80-85 crore in the current year will focus on exports including capacity additions in aluminium-forged wheel production, other export-oriented products and...
Aluminum Association updates on North American aluminium scrap market
The U.S. aluminum industry purchased an estimated 812 million pounds of aluminum scrap during August 2014, according to aluminum recycling statistics published by the U.S. Geological Survey, Department of Interior, up 7.1 percent over the August 2013 total of 758 million. USGS estimates that...
Aluminum Association updates on North American downstream aluminium market
The Aluminum Association represents North America and foreign-based primary producers of aluminum, aluminum recyclers, producers of semi-fabricated products and foundries as well as suppliers to the industry or distributors or jobbers. Shipments of Aluminum Powder and Paste to domestic markets by...
Noranda Aluminum Holding (NOR) set to announce quarterly earnings on Monday
Noranda Aluminum Holding is set to announce its earnings results on Monday, November 3rd. Investors that are interested in participating in the company’s conference call can do so using this link. Noranda Aluminum Holding last announced its earnings results on Monday, August 11th. The company...
Aluminum Association updates on North American primary aluminium market
Shipments of primary aluminum by North American (U.S. and Canada) producers totaled 1,115 thousand metric tonnes (kmt) in the third quarter of 2014, down 6.7 percent from the third quarter 2013 total of 1,195 kmt. Shipments of primary billet were off six-tenths of one percent year-over-year, while...
