Aloca reports strong results Alcoa‘s performance improved in Q3 due to reduced costs and higher alumina prices, the Pittsburgh-based company said in its Q3 financial results. The report coincided with an announcement on the future of Alcoa San Ciprián operations, in the Galicia region of Spain – a strategic agreement with IGNIS EQT, a Madrid-based […]
A roundup of the week's CRU aluminum news.
A roundup of the week's CRU aluminum news.
Both the LME three-month price and the SHFE rallied following the stimulus package announcement by the People’s Bank of China (PBoC). China's central bank announced its largest stimulus since the pandemic to combat deflation and to support economic growth. The comprehensive package includes increased funding and interest rate cuts. It aims to restore confidence in the economy amid disappointing data.
USTR’s final determination of Chinese tariffs The Office of the United States Trade Representative (USTR) announced its final decision concerning tariffs it will introduce against Chinese imports as part of its Section 301 investigation. The proposed modifications first announced in May were largely adopted, with several updates strengthening actions to protect American businesses. “Today’s finalized […]
A roundup of the week's CRU aluminum news.
A roundup of the week's CRU aluminum news.
CRU Aluminum Analyst Marziyeh Horeh shares a roundup of news making headlines in the aluminum markets this week.
Whether as a guitar player in a rock and roll band or as a high-powered executive at Steel Dynamics Inc. (SDI), it’s all about the team for SDI’s Barry Schneider.
CRU Aluminum Analyst Marziyeh Horeh shares a roundup of this week's news from the aluminum industry.
Here’s a roundup of some of the news making headlines in the aluminum industry this week from CRU’s Aluminum Analyst Marziyeh Horeh.
Canada’s steel and aluminum industries joined forces to call on the government for the imposition of tariffs on steel, aluminum, and electric vehicles.
CRU Aluminum Analyst Marziyeh Horeh shares a roundup of this week's news from the aluminum industry.
A roundup of CRU aluminum news from the past week.
A roundup of aluminum news from CRU.
Operating income from Steel Dynamics Inc.’s (SDI) recycling operations clocked in higher in the second quarter than in the first on increasing volumes and despite lower realized pricing. Recycling operations brought in $32.1 million, an increase over $22.6 million in Q1, but lower than the $40.3 million last year, the Fort Wayne, Ind.-based company said […]
A roundup of aluminum news from CRU.
A roundup of CRU aluminum news.
The US and Mexico announced measures on Wednesday to prevent tariff evasion and protect North America’s steel and aluminum industries.
A roundup of aluminum news from CRU.
Please enjoy this roundup of recent news from the aluminum industry from our colleagues at CRU. EU to hit Chinese electric cars with tariffs up to 48% The European Commission notified carmakers on June 12 that it would provisionally apply additional duties of 17-38% on imported Chinese EVs from next month. The duties will be […]
A roundup of recent aluminum news from CRU.
Germany's Speira is investing €40 million (USD$43.3 million) for additional recycling capacity to drive the transformation of its Rheinwerk facility and achieve a total saving of up to 1.5 million metric tons (mt) of CO2 per year at the site, it was announced today.
A roundup of aluminum news from CRU.
The LME 3-month price for aluminum was broadly stable on the morning of May 24 and, at the writing of this article, was last seen trading at $2,627 per metric ton. The price fell sharply during the week from its recent peak amid hawkish comments from Fed officials, as indicated in the minutes of the […]
President Biden announced an increase in tariffs this week on Chinese EVs, semiconductors, batteries, solar cells, steel, and aluminum.
The Biden administration announced a series of actions on Tuesday targeting China’s "unfair" trade policies. These actions will, among other things, make imports of steel and aluminum from the Asian nation even more prohibitive.
The Mexican federal government backed down on the application of tariffs on raw non-alloyed and alloyed aluminum decreed on April 22.
US announces new import duties on aluminum extrusions The US Department of Commerce has placed preliminary antidumping (AD) duties of 2-600% on imports of aluminum extrusions from 14 countries. The rates are: “[The findings] show just how widespread dumping practices are globally and highlight the importance of strongly enforcing the antidumping laws to shield US […]
Constellium reported its latest quarterly results for Q1'24. Adjusted Ebitda came in at €137 million (USD$147 million), down 8.6% year over year (y/y) amid revenue of €1.7 billion (USD$1.8 billion), down 12% y/y. Shipments totalled 380,000 metric tons (mt) in Q1, representing a drop of 2% y/y.