AMU
December 6, 2024
Written by Marziyeh Horeh
The US Customs and Border Protection (CBP) recently determined that aluminum extruded products manufactured by Kingtom in the Dominican Republic were produced using convict, forced, or indentured labor, in violation of Section 307 of the Tariff Act of 1930.
Recycler forward expectations swung toward oversupply in September as inventory drawdowns eased and export demand lost August’s improving responses.
Kibar Americas said production has started at its aluminum plant in Fairmont, W.Va., where it will manufacture products for the HVAC, packaging, automotive and industrial sectors.
China is bumping up against its official primary production capacity limit of 45.3 million metric tons/year, but production can still increase through “capacity creep.”
Automotive aluminum demand is rising as extrusions, sheet, and castings gain ground across vehicle applications and powertrains.
Recycler demand increased while fewer respondents reported sufficient obsolete scrap, even as inventory drawdowns remained widespread.