Novelis says Oswego repairs to cost $255 million, restart TBD
The most recent blaze in November damaged the hot mill's finishing mill, which is highly specialized.
The most recent blaze in November damaged the hot mill's finishing mill, which is highly specialized.
Despite competing fiercely for market share, aluminum and plastics share the same structural recycling failures rooted in incentives and policy resistance.
Industry respondents overwhelmingly expect UBC prices to remain stable in the current month, even as Class scrap and Midwest premium expectations point in different directions.
Scrap discounts remain exceptionally wide to the Midwest transaction price. Some seasonal tightness may occur, but still affords rolling mills and extruders excellent earnings potential.
November's AMU survey shows broad easing in aluminum lead times across sheet and extrusion products, contrasted by a modest uptick in P1020 that illustrates the split between contract-anchored primary markets and the more dynamic semi-fabricated segment.
AMU spoke with Ingrid Joerg about her experience and her vision for Constellium, the Paris-based aluminum company with operations in Europe, North America and Asia.
The EU's preparatory work on possible aluminum scrap export restrictions provides the starting point for examining why current European scrap flows to the US remain too small to materially affect either region's can sheet market.
Novelis Oswego plant in upstate New York has partly reopened after another fire broke out on Nov. 20.
As Aluminum Dynamics' Mississippi mill ramps up without feedstock from its delayed Benson recycler, UBC scrap availability could tighten heading into 2026.
The company cited, among other things, scrap purchases, tariff mitigations and the ramp-up of its plant in Switzerland.