Assessment underway after fire at Novelis' Oswego plant
The extent of the damage is also being examined, a spokesperson said.
The extent of the damage is also being examined, a spokesperson said.
Section 232's recurring inclusions, layered alongside overlapping and contested tariff regimes, have turned aluminum trade policy into a rolling mechanism that boosts GDP on paper, stokes inflation in practice, and leaves buyers navigating uncertainty as the only constant.
Weakening truck and trailer orders, freight volume declines, and newly expanded Section 232 tariffs on aluminum derivatives signal mounting pressure on margins and investment decisions across the commercial vehicle sector.
The widening gap between scrap costs and value-added premiums is making secondary aluminum casthouses look far more attractive - time for a rethink.
Private equity-backed moves by Fulton Asset Management and KPS Capital Partners highlight how consolidation is reshaping North American extrusion capacity, with strategies aimed squarely at construction and industrial end markets.
Mill Steel processes aluminum grades 1xxx, 3xxx, 5xxx, 6xxx for industrial manufacturing and specialized applications.
GE Appliances' new $3 billion U.S. investment is set to add thousands of tons of aluminum die-casting demand from washers, dryers, and refrigerators back into domestic production.
Novelis is partnering with DRT for 99% recycled content in beverage can end stock, reshaping the numbers behind one of aluminum's most specialized markets.
With Century's Mt. Holly coming back online, the real question is whether other idled U.S. smelter capacity have any realistic path to restart.
Century plans to invest about $50 million in the effort, adding about 10% to US production.