Category: Pulse

What happened this week: Why it matters: What to watch next: For now, MWP remains elevated, but the key question isn’t if a correction comes, it’s when.

(This conversation with ADI took place on February 6, 2025.) Aluminum is quietly undergoing a shake-up, and ADI is right at the center of it. Backed by Steel Dynamics (SDI), ADI is gearing up to make a serious impact, just like SDI did with steel. With new capacity coming online, shifting trade policies, and a […]

Novelis just had its latest earnings call this Monday morning, February 10, 2025, and there’s a lot to unpack, some good, some challenging, and some that set the stage for where they believe the aluminum market is headed. Key numbers and performance Aluminum pricing and market conditions Novelis acknowledged that falling aluminum prices hurt them […]

This first week of February 2025 saw tariffs dominate the aluminum market conversation, with Trump imposing 25% tariffs on Canadian and Mexican imports, then delaying their implementation for 30 days after negotiations with both governments. China wasn’t so lucky, as the U.S. followed through with a 10% tariff on Chinese goods, prompting immediate retaliatory tariffs […]

Waste Management (WM) released its 4th Quarter and full year 2024 earnings on January 29, 2025. The company reported adjusted EBITDA up over 10% for the year at $6.56 billion and reported a 30% margin for the first time in history on its legacy business, which comprises collection, disposal, and recycling. Collection and disposal continue […]

Tariffs are making headlines, but aluminum doesn’t wait for politics to play out. The market is already shifting, supply chains are adjusting, and smart money is moving ahead of the noise. So, where does that leave us? What’s happening right now?What if this escalates further?What should we be doing now?What’s Happening? The biggest shifts aren’t […]

This month has been all over the place for aluminum-tariffs, trade fights, and global supply chain shakeups. Some threats are still on the table, some haven’t gone anywhere, and some could turn into a real mess if they go through. Here’s what’s happening and what it means for the aluminum industry. United States: Trump’s big […]

Tariff talks What that means for Midwest premiums (MWP) Unintended consequences: Who fills the supply gap? The EU might ban Russian aluminum UBC prices are squeezing mills Good turnout, but a market looking for direction Economics & pricing flows Short-term tightening in spreads and inflationary pressures suggest an environment of increasing cost sensitivity and continued […]

Since Inauguration Day, people in the industry had a lot say…and we listened! Below are the key takeaways from what people in the industry, upstream and downstream, had to say this week. Trump’s Proposed Tariffs Timing and Process Industry and Market Outlook Broader Economic and Geopolitical Insights Economics highlights New home sales Monday, Jan. 27 […]

With construction seasonally soft, the flatbed market remains softer than the other main trailer types.