Edward Meir's week in review and thoughts on the week of Aug. 3, 2026
It was a very hectic week in a number of markets, but not so much in the ferrous and nonferrous metals space.
It was a very hectic week in a number of markets, but not so much in the ferrous and nonferrous metals space.
Recent earnings show stronger shipments in specific rolled products than extrusions, but changing automotive programs, billet supply disruptions and trade flows complicate broader market conclusions.
Higher packaging and general engineering shipments drove Kaiser Aluminum's second-quarter volume growth, while favorable metal conditions lifted earnings.
Hydro increased North American extrusion sales and recycled aluminum production during the second quarter as downstream demand partially recovered and recycling activity remained strong.
AMU’s July survey found recyclers expecting lower Midwest Premium and UBC prices while demand softened, inventories declined and forward views remained mixed.
AMU’s July survey showed selective lead-time pressure in sheet and billet while transportation-focused respondents expressed stronger concern about future supply.
Matalco recorded its highest quarterly recycled aluminum production since the Canton closure began, while Rio Tinto's primary output held nearly steady and US shipments decreased.
Gränges Americas sales volume rose 7.7% in the second quarter as packaging gains outweighed lower industrial shipments tied to construction demand.
Aluminum Dynamics will invest more than $200 million in a Mississippi recycled slab center that establishes the permanent location for a project Steel Dynamics relocated from Arizona.
The Constellium Engley (Changchun) Automotive Structures facility produces aluminum crash management systems and other structural components for the Chinese automotive market