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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Sapa to close extrusion plant in Miami
Sapa is closing its aluminum extrusion plant in Miami to optimize its organization and capacity to deliver aluminum solutions to customers in the North American market. Since the creation of the Sapa joint venture in September 2013, the organization in the United States has been engaged in a number...
New member company and board Member additions for Aluminum Association
The Aluminum Association announced today the addition of Blaylock Industries to its roster of member companies. In addition, Anthony Ashe, Vice President Commercial, Sales & Marketing at Alcoa, was added to the Association’s Board of Directors. The announcements were made during the Aluminum...
North American Aluminum scrap market moves upward
According to an SMM report, the North American aluminum scrap prices saw decent upward move across the board on 2nd April, Wednesday.( ScrapMonster Price Index) 1100 Scrap prices increased by $0.01 per Lb. The prices of 3003 Scrap too saw a hike of $0.01 per Lb. An increase of $0.01 per Lb was...
Ohio-based Aleris purchases Nichols Aluminum that operates Decatur plant
Ohio-based Aleris announced today it has purchased Nichols Aluminum, which operates a facility in Decatur, from Quanex Building Productions for $110 million cash. Nichols Aluminum, a wholly-owned subsidiary, produces aluminum sheets on Alabama 20 in Decatur and at production facilities in...
Noranda Aluminum confronts Ameren on electricity prices
Noranda Aluminum Holding Corporation is at logger heads with electricity suppliers as it seeks lesser electric rates to sustain the employment of the nearly 888 people it employs at is smelter located in New Madrid. Noranda Aluminum Holding Corporation has laid down the price bargains with Ameren...
Alcoa to maintain 750 jobs in Massena, provide technical training under new agreement
Alcoa will maintain 750 jobs at its Massena West plant and train workers for high-demand, technical jobs under a deal announced Monday afternoon by Alcoa, Gov. Andrew M. Cuomo and the New York Power Authority. The 750 jobs are down from the 900 agreed upon in 2008 that would allow the aluminum...
Secondary alloys firm in USA despite fall in scrap prices
Secondary aluminium alloys were mostly stable on March 27 as sources said the market held strong despite notable drops in some aluminium scrap grades, including twitch, a nonferrous auto shred and a key component in alloy output. Twitch prices fell to 81 to 82 cents per lb from 82 to 84 cents,...
Kaiser Aluminum Corp. director unloads $72,010 in stock
Kaiser Aluminum Corp. Director David A. Foster sold 1,000 shares of the stock on the open market in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $72.01, for a total value of $72,010.00. Following the completion of the transaction, the director now directly owns...
Alcoa rolls out world's lightest heavy-duty truck wheel, enabling fleets to shed weight
Alcoa has rolled out the world’s lightest heavy-duty truck wheel. This latest Alcoa innovation, the Ultra ONE™, will help trucks shed pounds for increased payload and fuel efficiency. Unveiled at the Mid-America Trucking show in Louisville, Kentucky, Alcoa’s new 40-pound wheel is 47 percent lighter...
Aluminum executives to discuss industry trends At association spring meeting
Senior-level executives from Noranda, Novelis, Scepter, Inc. and the Aluminum Association will talk about trends in the aluminum industry during the Aluminum Association’s spring meeting in San Antonio, TX – “The Power of Modern Metal.” Following brief opening remarks, the executives will be...
North American can stock scrap receipts dropped 7% Y to Y in February
New can stock (class) scrap receipts totaled 55.9 million pounds during February 2014, a decrease of 7.0 percent from the February 2013 total of 60.2 million pounds. Compared to the previous month, class scrap receipts declined 6.5 percent from the January 2014 total of 59.9 million pounds....
Aluminum Association updates on semis shipment by US and Canada in February
Estimated net shipments of Aluminum Sheet and Plate by U.S. and Canadian producers totaled 603.1 million pounds during February 2014, a decline of 2.3 percent from the February 2013 total of 617.0 million pounds. Compared to the previous month, shipments decreased 9.1 percent from the January 2014...
Secondary aluminum plant considered in California
According to local press reports, a company called Scuderia Development has reached an agreement with the city of Barstow, California, on a project that could result in the construction of a large secondary aluminum production facility in the city. The Daily Press, based in Victorville, Calif.,...
North America aluminium production edges up in February
The Aluminum Association, in cooperation with the Aluminum Association of Canada, reported primary aluminum production in North America (U.S. and Canada) was at an annual rate of 4,708,552 tonnes during February 2014, up 2,101 tpy (0.04%) over the previous month's rate of 4,706,451 tonnes. Compared...
Estimated aluminum demand in US and Canada declines 2.9% Y/Y in January
Aluminum demand in the United States and Canada (shipments by domestic producers plus imports) totaled an estimated 2,018 million pounds during January 2014, down 2.9 percent from a year ago. Demand for semi-fabricated (mill) products totaled 1,350 million pounds, declining 1.5 percent. Apparent...
Semi demand in US and Canada down 1.5% in January
Demand for aluminum semi-fabricated (mill) products in the United States and Canada (measured in shipments by domestic producers plus imports) totaled an esti-mated 1,350 million pounds in January, declining 1.5 percent from the January 2013 total of 1,370 million pounds. Aluminum sheet and plate...
Glenn Miller named chief financial officer of Alcoa global rolled products
Alcoa today announced that Glenn Miller has been promoted to Chief Financial Officer of its Global Rolled Products (GRP) business effective May 1. He succeeds Judy Schrecker who will retire from Alcoa after 34 years of service. Miller will be responsible for managing all aspects of the global GRP...
CME finds perfect setting in CRU to launch its North American aluminium contract
CME has found the perfect setting in CRU aluminium conference to launch its North American aluminium contract which intends to solve the hedging issues created by rising physical aluminium premiums. It was the main focus of discussion in the CRU conference. According to Barclays, who attended the...
