Ford confirms Novelis Oswego hot mill restart expected by early December
Ford executives said the automaker expects aluminum supplier Novelis to restart its fire-damaged Oswego, NY hot mill by late November or early December.
Ford executives said the automaker expects aluminum supplier Novelis to restart its fire-damaged Oswego, NY hot mill by late November or early December.
The state of Kentucky has awarded more than $3 million in rail-infrastructure grants to Logan Aluminum and Novelis, strengthening the integrated Berea-Russellville supply chain.
“We will see how things go over the next six to eight months or so, but there is definitely growth opportunity there," CEO says.
The extent of the damage is also being examined, a spokesperson said.
Three of the four cast houses are fully commissioned and are producing all 3000, 5000 and 6000 series ingots for industrial, can sheet and automotive sectors.
A lawsuit in filed against the City of Benson, Arizona could delay Aluminum Dynamics' flagship secondary smelter.
Novelis' Q2 results show how a split in end-market demand, firm scrap costs, and new capacity on the horizon are tightening margins in the North American flat-rolled market.
The group says the bug infestation is due to the company's recycling operations.
Kaiser Aluminum is raising its earnings outlook and doubling down on expansion as demand recovery takes shape.
The mill represents a $2.7 billion investment and is expected to produce 650,000 tons of flat-rolled aluminum.