CRU revises extrusions, rolled products growth outlooks
CRU's May outlook reduced 2026 growth expectations for several aluminum product categories, while its largest long-term forecast revision occurred in rolled products.
CRU's May outlook reduced 2026 growth expectations for several aluminum product categories, while its largest long-term forecast revision occurred in rolled products.
The labor contract covers workers at Alcoa's smelters in Massena, N.Y., and Warrick, Ind.
The company said the elimination of 57 of its 99 positions is permanent.
The Lebanon facility will effectively double the company's total annual processing capacity to an estimated 240 million pounds.
The contract covers roughly 3,400 workers in Davenport, Iowa; Alcoa, Tenn.; Lafayette, Ind.; and Massena, N.Y.
Meanwhile, USW reached a tentative agreement with Arconic on a three-year master agreement covering workers at four facilities.
Before the second Trump administration, many automakers banked on an electrified future, with federal and state tax breaks incentivizing consumers.
CRU Senior Analyst David Leah said at the CRU World Aluminium Summit 2026 in London that automotive aluminum demand continues increasing, though growth is shifting unevenly between castings, extrusions and rolled products as automakers reassess vehicle designs.
“We will have coils coming off the mill within the next few weeks, well ahead of our previous guidance of end of June in the fourth quarter,” said Steve Fisher, president and CEO of the Atlanta-based company.
Texarkana Aluminum (TKA) used its new Mino four strand hot tandem line to produce the first coil at its Texas facility.