Distribution
February 17, 2025
Written by Greg Wittbecker
The newly announced amendments to Section 232 boost the ad valorem duty (a volume-based tariff) from 10 to 25% of the declared customs value for primary aluminum.
This boost in the rate gives Alcoa and Century windfall revenue gains as the Midwest physical premium responds to this.
Can Art Aluminum Extrusion has purchased BRT Extrusions in Niles, adding five extrusion presses and finishing operations.
Kloeckner says aluminum service centers are taking on more processing, finished inventory and production line work as OEMs shift capital-intensive steps upstream.
Hydro increased North American extrusion sales and recycled aluminum production during the second quarter as downstream demand partially recovered and recycling activity remained strong.
Matalco recorded its highest quarterly recycled aluminum production since the Canton closure began, while Rio Tinto's primary output held nearly steady and US shipments decreased.
Nexans plans to acquire Republic Wire to expand its US low-voltage wire and cable business.
