Novelis builds for tomorrow, pays for it today
In a quarter where aluminum prices rallied and shipments nudged upward, Novelis found itself caught between expansion plans and unfortunate timing.
In a quarter where aluminum prices rallied and shipments nudged upward, Novelis found itself caught between expansion plans and unfortunate timing.
The partnership could reshape how recycled aluminum is processed and delivered to customers across the United States.
Litho sheet is typically costly and a rare grade of scrap to come by. Unlike other more specific alloys, like 6061 or 5052, it can be consumed by just about anyone or added to just about any melt mix.
We understand that Michigan legislators have reintroduced legislation to dramatically raise fees for disposal of solid waste. These fees, called “tipping fees” were amongst the lowest in the U.S. at just $0.36 per short ton. The proposed legislation would raise them to $5.00 per short ton and would be subject to reassessment every five years.
With earnings season largely behind us it’s time to move past the headline numbers and into the filings – where a few key items across major downstream players deserve closer scrutiny.
The company noted improvements in North American scrap margins, but the details demand a closer read.
April's survey paints a picture of a market holding steady, but it's far from smooth sailing.
Sortation technology is often puzzle where the end goal determines the methods employed, making it hard to gauge what companies are capable of going beyond standard processing.
Aluminum producer Norsk Hydro and automotive casting manufacturer Nemak agreement focuses on expanding the use of post-consumer scrap and shifting to lower-carbon energy sources.
In the U.S., nearly half of the aluminum supply is already coming from recycled material.