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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Rogers aluminum wheels plant closing down with 500 job loss
Superior Industries International, Inc. , the largest manufacturer of aluminum wheels for passenger cars and light-duty vehicles in North America, today announced it will close its manufacturing facility in Rogers, Arkansas, as part of an initiative to reduce costs and enhance its global...
Century reports a net loss of $29.4 million during second Quarter 2014
Century Aluminum Company reported net income of $20.3 million or $0.21 per common share for the second quarter of 2014 on higher aluminum prices and lower power prices in the Midwestern U.S. Results were negatively impacted by a charge of $0.5 million or $0.01 per common share for the finalization...
Ford boosting price of Aluminum F-150
Ford is raising the price of its new aluminum-sided pickup truck but is trying to stay competitive with rivals. Ford released pricing on the F-150 yesterday. It goes on sale later this year. The new truck comes in five variants, down from 10 available with the current model. All five have aluminum...
Missouri regulators indicate opposition to Noranda Aluminum request for reduced electric rate
A day after regulators said they opposed a request by Ameren Missouri's biggest customer for a rate reduction of about $50 million a year, a panel that advocates for retail ratepayers proposed a deal that would give the company just over half of what it was seeking. The Missouri Public Service...
Kaiser Aluminum Corporation reports second quarter and first half 2014 financial results
Highlights: Second Quarter 2014 - Operating Income $46 Million; Adjusted EBITDA $46 Million; Adjusted EBITDA Margin 24% Third Consecutive Quarterly Record for Heat Treat Plate Shipments Strong Growth in Automotive Extrusions Generated Second Consecutive Quarterly Record Strategic Investments...
Ford details engines for aluminum F-150 pickup
In the pickup truck wars, Ford appears to be setting itself up to be able to claim best fuel economy. But in announcing capabilities of the new engines that will power its aluminum-body pickup, Ford didn't disclose fuel economy -- only power and towing/hauling ratings. The 2015 engine lineup: •...
Greco Aluminum Railings secures railing system work in New Jersey
Greco Aluminum Railings has been selected to manufacture fully welded aluminum railings systems for the Cast Iron Lofts II in Jersey City, New Jersey. “We are excited to be working with Josloff Industries by providing a fully welded and powder coated aluminum and glass system for The Manhattan...
Century Aluminum Sebree and USW ratify new labor agreement
Century Aluminum Sebree LLC, a wholly owned subsidiary of Century Aluminum Company, announced today that a new, five-year collective bargaining agreement with the United Steelworkers Local 9443-00 was ratified, for the Century Sebree aluminum smelter in Robards, KY. The agreement is effective...
Aluminum's per-vehicle use expected to rise 56% from 2012 to 2025
The advent of the 2015 Ford F-150 pickup has monopolized the aluminum vs. steel debate, and understandably so. The F-150, with its aluminum cab and cargo box, could be a rolling advertisement for Alcoa, Ford's chief aluminum supplier. But the fuss over the F-150 obscures a deeper trend. Step by...
Aldora Aluminium& Glass Products announces expansion of a new plant
Aldora Aluminum and Glass Products, a manufacturer of custom fabricated aluminum and glass products, is pleased to announce the expansion of a new plant location in the Orlando area. At 65,000 sf the plant will house a state of the art, double bay tempering line, a 96” x 220” laminating line...
GM proposes $27 million Bedford plant investment
General Motors has proposed investing $27 million in its Bedford casting plant for machinery, equipment and tooling needed to produce aluminum engine blocks. The Times-Mail reports the automaker filed a tax abatement request for the investment, saying it would add about 42 jobs and raise the...
Norsk Hydro(Sapa) announces results for the second quarter 2014
Underlying EBIT for Sapa improved compared to the first quarter, partly influenced by seasonally stronger sales volumes. Sapa’s restructuring agenda is progressing according to plan and reported EBIT is affected by related restructuring charges. Key Figures - Sapa (50%) Second quarter 2014 First...
Toyota to expand use of aluminum in Camry
Toyota Motor Corp. will dramatically expand the use of aluminum body panels and structures in its 2018 Camry, a major step in a global shift toward increased aluminum usage in cars and trucks. Sources familiar with the matter told AMM that Toyota has already launched an aluminum-intensive design...
Ford’s F-150 signals mainstream move towards aluminium
While models that widely use the lightweight metal into their construction already exist, it’s the high visibility Ford F-150 that puts it mainstream, and others are expected to swiftly follow. Steel has been for many decades the go to material for the worldwide auto industry, even as aluminum was...
Century Aluminum sets date for second quarter 2014 earnings announcement
Century Aluminum Company will report second quarter 2014 earnings on Wednesday, July 30th after the close of market trading. The news release will be issued through Marketwired. The company will hold a follow-up conference call on Wednesday, July 30th at 5:00 p.m. Eastern time. The earnings call...
Demand from U.S. automakers could boost aluminium price -Japan Aluminium industry body
Prices for aluminium could climb around a third to as high as $2,500 per tonne if more U.S. automakers start producing vehicles made from the metal, said the new head of Japan's aluminium industry body. Ford Motor plans to launch a new aluminium-intensive truck this year, with speculation that...
Alcoa beats estimates as aluminum smelting unit recovers
Alcoa Inc. (AA), the struggling U.S. aluminum producer that’s shifting its focus to manufacturing auto and aerospace components, reported better-than-expected profit on the strength of its traditional aluminum smelting business. Second-quarter profit excluding restructuring costs and other one-time...
Aluminum Premiums seeing low percentage in US
Aluminum premiums paid on top of prices on the London Metal Exchange are seen slumping 28 percent by year-end in the U.S. as wait times shorten for warehouse supplies, according to Lawrence Capital Management. The charge in the Midwest added to supplies for immediate delivery is forecast to drop to...
