Muscogee Nation votes to oppose Oklahoma smelter project
The project is expected to break ground later this year.
The project is expected to break ground later this year.
It grants the commerce secretary the authority to take "all appropriate action" under the law to secure these materials, including export restrictions.
It was a very hectic week in a number of markets, but not so much in the ferrous and nonferrous metals space.
Ford narrowed its F-Series production decline during the second quarter, but Super Duty output, gross stocks and fleet deliveries continued to reflect the Novelis aluminum disruption.
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.
The $50-million project is expected to increase domestic primary production by about 10%. The plant had been operating at about 75% of its 230,000-metric-ton-per-year nameplate capacity.
In less than one month, AMU will kick off its first Aluminum Summit in Atlanta.
Markets remain transfixed on developments in the Middle East
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.