AMU Survey: Respondents expect Midwest premium to climb in November
Expectations for UBC scrap prices remained stable in October. What shifted was the composition of the remainder.
Expectations for UBC scrap prices remained stable in October. What shifted was the composition of the remainder.
AMU's latest survey of aluminum market participants shows widening gaps in lead times, with extrusions lengthening dramatically.
The third quarter already showed an HVAC market weakened considerably due to falling consumer demand and destocking at manufacturers and distributors.
Chief Operating Officer Ingrid Joerg will succeed Jean-Marc Germain as CEO
MetalX will maintain its headquarters in Fort Wayne and both companies will maintain their own independence and management, the companies said.
The Hydro/University of Michigan partnership links university research with Hydro's facilities to develop, test, and scale next-generation aluminum extrusion alloys.
The company again upwardly revised its full-year adjusted EBITDA outlook, expecting it to improve 20%-25% year over year.
The results show Hydro holding its operational footing even as profitability becomes harder to predict as margins swing sharply year over year, and even quarter to quarter.
A fire at a Novelis aluminum mill in September shook up domestic supply for automakers
Ford executives said the automaker expects aluminum supplier Novelis to restart its fire-damaged Oswego, NY hot mill by late November or early December.