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.
Chief Operating Officer Ingrid Joerg will succeed Jean-Marc Germain as CEO
The company again upwardly revised its full-year adjusted EBITDA outlook, expecting it to improve 20%-25% year over year.
Ford executives said the automaker expects aluminum supplier Novelis to restart its fire-damaged Oswego, NY hot mill by late November or early December.
MetalX's proposed $250 million aluminum recycling and slab-rolling plant in Ohio has been shelved, with the site now listed for sale confirming the project will not proceed.
The state of Kentucky has awarded more than $3 million in rail-infrastructure grants to Logan Aluminum and Novelis, strengthening the integrated Berea-Russellville supply chain.
“We will see how things go over the next six to eight months or so, but there is definitely growth opportunity there," CEO says.
The Aluminum Association is urging the U.S. government to ban exports of used beverage container (UBC) scrap to keep high-quality recycled aluminum within North America and strengthen domestic supply for manufacturers.
Rising auto delinquencies amid stretched loan terms may be early warning signs that household finances and retail spending are reaching their breaking point.