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The global downstream aluminium sector has reported some of the important news this week, which include Qatalum joins ASI as its 193rd Production and Transformation member, JW Aluminium’s rolled product facility receives GreenCircle Certification, The Ministry of Commerce, Govt. of India's investigation arm DGTR recommends anti-dumping duty on certain aluminium products from China, and many more.
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On Tuesday, September 7, the Aluminium Stewardship Initiative welcomed Qatalum as a new Production and Transformation member, bringing the total count of ASI members to 193. Qatalum, with employees from over 40 nationalities, strives to provide customers worldwide with best quality aluminium products made in Qatar. Qatalum is known to produce more than 600,000 tons of top quality primary aluminium products per year. Their value-extrusion ingots and foundry alloys is known to meet the quality standards of the global customer base.
The Aluminium Stewardship Initiative also welcomed Ningbo HuaYang Aluminium-Tech Co. Limited as 194th Production and Transformation member. Located in the Fenghua Districy in Zhejian, China, the company is known for producing and selling aluminium boards, sheets, aluminium foils, alloys and many more. With more than two years of experienced engineering, Ningbo HuaYang started their trial production in April 2004, and in June 2006, they initiated the formal production after getting acceptance from Environmental Protection.
The Board of Directors in Kaiser Aluminum Corporation named Michael C. Arnold and Kevin W. Williams as the two new members of the board, who would be serving as Independent Directors. Prior to joining Kaiser Aluminum, Mr. Arnold served as the President and Chief Executive Officer of Ryerson Inc., metal processor and distributor, and Mr.Williams served as the President and Chief Executive Officer at GAA Manufacturing and Supply Chain Management, one of the largest African American owned businesses.
Kaiser Aluminum is one of the leading producers of semi-fabricated aluminium products, known for serving customers worldwide by providing high end engineered solutions for the aerospace, custom automotive, packaging and other industrial applications.
To know more: https://www.alcircle.com/news/michael-c-arnold-kevin-w-williams-join-kaiser-aluminum-as-new-board-of-directors-70308
According to SMM report this week, aluminium billet inventories in China recorded an increase of 6,500 tonnes across five major consumption areas to come in at 145,500 tonnes on Thursday, September 9. The rise could be attributed to the muted downstream purchase caused by soaring aluminium prices. In addition, arrivals of stocks increased against sluggish orders at extrusion companies.
Vedanta Limited expanded its aluminium products prices by INR 4,250 per tonne on Thursday September 9, bringing its aluminium wire rod price to INR 244,500-252,000 per tonne. On Friday, September 10, Vedanta’s aluminium wire rod price again saw a hike of INR 3,500 per tonne to come in at INR 248,000-255,500 per tonne.
As per Vedanta’s report, its aluminium billet price grew from INR 240,750 per tonne on September 7 to INR 245,000 per tonne on September 9, which further expanded the very next day by INR 3,500 per tonne to close at INR 248,500 per tonne.
European Aluminium Association, the voice of the European aluminium value chain, stood against the 9-month suspension of the anti-dumping duties on Chinese flat rolled products, claiming the suspension could create a negative impact on the EU industries beyond aluminium.
The association also stated that around ten thousand of EU jobs, along with hundred million of euros in the recycling investment and decarbonisation might get affected. Besides, the suspension of the duties could lead to less production capacity of aluminium in the European Union, fears European Aluminium.
The Ministry of Commerce, Govt. of India's investigation arm DGTR has recommended the imposition of anti-dumping duty on certain aluminium products from China to safeguard domestic producers from cheap imports.
The dumped imports of 'Certain Flat-Rolled Products of Aluminium' from China have impacted the domestic aluminium industry, as concluded in its probe by the Directorate General of Trade Remedies (DGTR).
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