This week in the aluminium downstream sector, major players shared impressive Q3 results, rolled out cutting-edge product technologies and announced significant leadership changes, indicating a vibrant shift throughout the global value chain.
Weekly aluminium downstream recap by AL Circle Pvt Ltd
{alcircleadd}Key Q3 updates
Kaiser Aluminum in Q3 2025 has brought in a revenue of USD 843.5 million, which is a 13 per cent increase compared to last year. This growth was fueled by a 22 per cent jump in the average selling price, even though shipments dipped by 8 per cent due to a planned outage. Operating income skyrocketed to USD 48.8 million, up from USD 13.2 million, while net income climbed to USD 39.5 million, a significant rise from USD 8.8 million. For further financial updates, read this.
Constellium in Q3 2025 saw its shipments jump 6 per cent year-on-year to reach 373 thousand tonnes and revenue soaring by 20 per cent to USD 2.2 billion. This is mainly due to the significant rise in volumes and higher metal prices. Adjusted EBITDA skyrocketed to USD 235 million, which is an increase of USD 108 million, while net income jumped to USD 88 million from just USD 8 million a year ago. To know the firm's first 9 months of 2025 updates, click here.
AMAG Austria Metall AG reported a steady revenue increase of 5.4 per cent for the first nine months of 2025, totalling EUR 1.1 billion (around USD 1.2 billion). This comes despite a 5.4 per cent decline in revenue during Q3 and some significant margin pressures across its various divisions. In Q3, shipments dropped by 6.7 per cent compared to last year and the EBITDA for the nine months fell by 22.6 per cent to USD 132 million. On a brighter note, operating cash flow saw a substantial rise, climbing 23.3 per cent to USD 155.9 million, while free cash flow surged by an impressive 134 per cent to EUR 94.2 million (around USD 108.9 million). Learn more about the firm's performance here.
Downstream product update & innovation
This week, the cast aluminium-alloy ingots have seen two weeks of sluggish destocking, with social inventories in major consumption areas dipping slightly to 54.7 thousand tonnes. On a brighter note, shipment activity has picked up, especially for non-standard products, suggesting that end-users are becoming more proactive in sourcing materials. On the supply front, scrap aluminium is still in short supply, and procurement costs are on the rise, which is leading producers to increase their offers. Dig deeper into the scoop here.
ALUCOBOND, the leading composite-panel brand from 3A Composites, has rolled out an upgraded version of its well-established sub-brand ALUCORE, specifically designed for the Indian architecture market. This new lineup introduces two innovative variants: “ALUCORE Honeycomb Panels” and “ALUCORE ACCP.” These panels feature an aluminium honeycomb core and a corrugated aluminium core, respectively, providing impressive strength-to-weight ratios, enhanced rigidity and the flexibility to create intricate façade designs. Grab more details about the product innovation here.
Australian Aluminium Finishing (AAF) has made some impressive upgrades to its aluminium finishing operations. It has brought in cutting-edge powder-coating technology and expanded its decorative finish options to cater to the growing demands of both premium architecture and industrial sectors. One of the standout improvements is the new high-density powder-flow system, which is usually found in vertical lines but has been cleverly adapted by AAF for their horizontal finishing lines. This innovation allows for the precise coating of intricate extrusions. For the further scoop, read this.
Global downstream aluminium market updates
Novelis' repair work at its fire-damaged facility in Oswego, New York, is moving along quickly than they had anticipated. It is now aiming to get things back up and running before the end of 2025, instead of early 2026 as originally planned. The repair efforts have been intense, with teams working around the clock to replace about 40,000 square feet of roof trusses and deliver around 2,500 major components. This outage has brought to light some weaknesses in the automotive-grade aluminium supply chain, since Novelis provides roughly 40 per cent of the aluminium sheet used in the North American auto industry. Read the complete story here.
Kaiser Aluminum is gearing up for a USD 500 million issuance of senior notes that will mature in 2034. It is structuring this deal as a private offering that doesn’t require registration, to redeem their 4.625 per cent senior notes due in 2028. The new bonds will be secured by the company’s current and future domestic subsidiaries, which act as borrowers or guarantors under their revolving credit facility. However, this transaction is dependent on how the market responds, for factors like pricing, investor interest, and timing will play a significant role in whether it goes ahead. Plus, the notice to redeem the 2028 notes is still conditional and not finalised yet. Read more.
Constellium has announced that Ingrid Joerg, who is currently serving as COO, will step into the role of Chief Executive Officer starting January 1, 2026. This change is part of a planned succession as Jean-Marc Germain prepares to retire at the end of 2025, although he will continue to support the company as a Special Advisor. Joerg has been with the firm since 2015, where she has notably led the Aerospace & Transportation business unit and she was promoted to COO in 2023. With over 25 years of experience in the aluminium industry, she brings a wealth of knowledge to her new position. For more details, tap here.
With a strong momentum in Q3 and innovation paving the way for new efficiencies, the downstream aluminium market seems poised for a steady growth path as we move toward 2026.
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