AlCircle: Latest downstream products news update

Vedanta Aluminium signs strategic MoU with downstream customers for Aluminium Park in Jharsuguda

Fri, 10 Apr 2026 14:00:00 +0530

Vedanta Aluminium, India’s largest producer of aluminium, has signed a Memorandum of Understanding (MoU) with two leading manufacturing companies, Singhal Steel & Power Pvt. Ltd (a unit of Singhal Group of Industries) and SCOT-AL Metcon Pvt. Ltd. (an associate company of Scottish Chemical Industries and UAL Industries) for setting up their downstream aluminium manufacturing facilities within the upcoming Vedanta Aluminium Park in Jharsuguda, Odisha.

The MoU signing ceremony was held in Bhubaneswar in the presence of senior government officials, including Shri Sampad Chandra Swain, Minister of State, Industries, Skill Development & Technical Education, Odisha and Shri Hemant Sharma, Additional Chief Secretary, Department of Industries, Odisha.

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Envisaged as a dedicated world-class industrial ecosystem for downstream aluminium industries, the Vedanta Aluminium Park in Jharsuguda aims to promote value addition and support the growth of MSMEs while cementing Odisha’s position as a global aluminium hub. The initiative is expected to further enhance the state’s industrial competitiveness, attract fresh investments of over INR 500 crores, and create around 1,500 direct and indirect employment opportunities within the state.

Speaking on the occasion, Shri Sampad Chandra Swain, Minister of State, Industries, Skill Development & Technical Education, Odisha said, “This initiative reinforces Odisha’s position as a leading industrial destination. The Vedanta Aluminium Park will accelerate investments, create large-scale employment and strengthen the state’s manufacturing capabilities across sectors.”

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The proposed Aluminium Park is expected to serve as a catalyst for industrial diversification in the state by creating an enabling environment for downstream enterprises to scale efficiently. It aligns with the Government of Odisha’s broader vision of building future-ready industrial infrastructure. Shri Hemant Sharma, Additional Chief Secretary, Department of Industries, Odisha said, “The Vedanta Aluminium Park is a critical step in deepening Odisha’s industrial value chain. By combining infrastructure readiness with policy support, we are creating a platform that enables industries to scale efficiently and competitively.”

Rajiv Kumar, CEO, Vedanta Aluminium, said: “The Vedanta Aluminium Park reflects our commitment to moving beyond primary production towards value-added manufacturing. By enabling a strong downstream ecosystem, we aim to unlock new opportunities for industries, MSMEs and local entrepreneurs, while further strengthening Odisha’s position in the global aluminium manufacturing landscape.”

Speaking on the initiative, C Chandru, CEO, Vedanta Jharsuguda, said: “Jharsuguda continues to be at the heart of Vedanta Aluminium’s growth journey. The Vedanta Aluminium Park will not only strengthen the downstream ecosystem but also create sustainable livelihoods, foster entrepreneurship, and contribute to the development of the region. We are proud to partner with the Government of Odisha in building a globally competitive manufacturing hub.”

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The Phase 1 development of the Vedanta Aluminium Park, spanning approximately 56 acres, marks an important milestone in Odisha’s industrial growth journey, bringing together industrial capability and investment intent to unlock new opportunities across the aluminium value chain and contribute meaningfully to the state’s socio-economic development. The park is envisioned as a flagship downstream manufacturing hub that will help industries reduce logistics, energy consumption, and production time.

Note: This article has been issued by Vedanta Aluminium and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.

Hind Aluminium clarifies share price movement, cites market factors

Fri, 10 Apr 2026 09:51:00 +0530

Hind Aluminium Industries Limited has reported to the BSE that fluctuations in its share price are due to overall market trends rather than significant developments at the Company itself.

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On April 8, 2026, the BSE asked a question about stock price volatility. On April 9, the Company responded that the fluctuations in stock prices were due to external forces in their markets.

Hind Aluminium also confirmed compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, adding that all price-sensitive information has been disclosed in a timely manner.

The company said that there is no material undisclosed information that could explain the recent movement in its stock price.

Also Read: India's aluminium extrusion output drops sharply as West Asia crisis disrupts supply

It reiterated its commitment to maintaining disclosure standards and ensuring regular communication with stock exchanges.

The clarification was signed by Ankita Vishwakarma, Company Secretary and Compliance Officer.

Even amid recent fluctuations, the stock has posted gains across key periods, rising by 1.89 per cent in a day, 17.73 per cent over five days, and 17.02 per cent in a month. It has increased 68.41 per cent over a six-month period, 63.42 per cent over a twelve-month period, and 225.22 per cent over a five-year period.

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India's aluminium extrusion output drops sharply as West Asia crisis disrupts supply

Thu, 09 Apr 2026 23:00:00 +0530

India’s aluminium extrusion sector is seeing a steep slowdown, with production levels falling sharply due to ongoing disruptions linked to the West Asia crisis.

Industry body Aluminium Extrusion Manufacturers Association of India said monthly output has nearly halved, dropping from around 100,000 tonnes to roughly 50,000-60,000 tonnes. On an annual basis, the sector had been operating at about 1.2-1.3 million tonnes, indicating a significant pullback in activity.

According to ALEMAI Secretary Ankur Aggarwal, production cuts are directly linked to supply bottlenecks and fuel shortages. A large share of raw materials, close to 50 per cent, typically sourced from West Asia is currently stuck, as container unloading at ports in the region has come to a standstill, he said.

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That disruption has also pushed up costs. Conversion expenses have risen by around 25 per cent, largely due to higher energy prices and limited fuel availability.

The pressure is visible across operations. Aggarwal noted that roughly 100-125 extrusion units are currently operating at just 30-35 per cent capacity, as both raw material flows and fuel supply remain inconsistent. While some supply has returned over the past few days, availability is still only at 40-50 per cent, leaving plants running at reduced capacity.

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ALEMAI President Jitendra Chopra said the slowdown extends beyond extrusion, with India’s midstream and downstream aluminium segments facing a broader contraction of 40-50 per cent. This comes despite the sector having an installed capacity of about 4.2 million tonnes, much of which is currently underutilise, he noted.

On the policy side, Jitin Prasada acknowledged that the West Asia situation is affecting global trade and supply chains, including India. He said the government is holding daily inter-ministerial meetings to assess the impact and address operational challenges faced by the sector.

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US rejects tariff relief for Ford Motor amid aluminium supply disruptions

Wed, 08 Apr 2026 19:00:00 +0530

The US government has rejected requests from Ford Motor Company and other automakers seeking relief from aluminium import tariffs, despite ongoing supply disruptions.

According to the report, Ford last week petitioned the administration for temporary duty relief until Novelis’ aluminium rolling facility in Oswego, New York, returns to full operations. The facility supplies aluminium sheet for major vehicles, including Ford’s F-150. According to its parent company, Hindalco Industries, the plant is expected to restart operations by the end of the second quarter.

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To manage the shortage, Novelis has been supplying aluminium from plants in South Korea and Europe. These imports are subject to a 50 per cent tariff, increasing costs for automakers already facing limited domestic supply.

Automakers had requested temporary relief from tariffs to reduce financial pressure and maintain production levels until normal supply resumes. However, the government has not granted any exemptions so far.

Also read: APAA backs Trump’s aluminium tariffs enforcement order, targets import valuation loophole

The impact has been significant: Ford reported a 50 per cent drop in quarterly profit to USD 1 billion, alongside an 8.8 per cent year-on-year decline in US sales for Q1 2026. The automaker sold 457,315 units during the quarter, with SUV sales down 7.8 per cent and EV sales plunging nearly 35 per cent.

The Oswego facility also supplies major automakers like General Motors and Stellantis, although Ford Motor remains one of its biggest customers given its heavier use of aluminium in vehicle design.

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Across the sector, tariffs have cost automakers at least USD 35.4 billion since 2025, driving changes in production strategies and pricing decisions.

Group Nirmal plans ₹ 1.5B aluminium expansion in Khordha faclity, Odisha

Wed, 08 Apr 2026 23:30:00 +0530

Group Nirmal, a manufacturer of aluminium wire products and steel is moving ahead with a INR 1.5 billion expansion at its Khordha facility in Odisha, focusing on scaling aluminium production capacity.

The development comes as Odisha Chief Minister Mohan Charan Majhi virtually performed the groundbreaking ceremony for Unit 4 of Nirmal Wires Pvt. Ltd. during a business conclave organised by the Industrial Promotion & Investment Corporation of Odisha.

The event attendees included managing director Nirmal Saraf, along with other directors, Piyush Saraf and Parag Saraf, signalling the company’s resolve in expanding its presence in the state.

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The investment, cleared at the 142nd State Level Single Window Clearance Authority (SLSWCA) meeting, will add 5,000 tonnes per month to aluminium output. The additional capacity is aimed at meeting demand from sectors such as power transmission, infrastructure and renewable energy.

The Khordha facility, spread across 50 acres, is already one of the company’s largest units, with an annual production capacity of 60,000 tonnes of aluminium products. It operates with rolling mills, wire drawing lines and rigid stranding systems, enabling production from aluminium rods through to finished conductors.

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As part of their expansion, the company also plans to introduce high-end conductors, like AACSR, ACAR and ACSS, which will bring a variety of products in the aluminium segment.

This project is expected to provide 300+ jobs across technical and support roles, helping local employment and supporting the region’s industrial sector.

The state is also backing up this project for investment and manufacturing growth when the proposal received an approval during the SLSWCA meeting which was held by chief secretary Manoj Ahuja.

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ALEMAI launches ‘Aluminium Bharat’ to strengthen India’s aluminium value chain

Wed, 08 Apr 2026 12:27:00 +0530

The Aluminium Extrusion Manufacturers Association of India (ALEMAI) has launched the ‘Aluminium Bharat’ initiative to strengthen India’s aluminium value chain. The initiative was introduced by Jitin Prasada, Minister of State for Commerce and Industry in New Delhi.

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ALEMAI said India’s midstream and downstream aluminium segments are contracting, with production declining by 40–50 per cent. Despite an installed capacity of 4.2 million tonnes, utilisation remains low, with extrusion output at 1.2–1.3 million tonnes and rolled and flat products at around 1.5 million tonnes.

Jitendra Chopra, President of ALEMAI, said the sector is under pressure due to a combination of domestic constraints and global factors.

Also Read: Aluminum du Maroc: A vertically integrated aluminium business linked to Africa’s growth

The association cited rising raw material and energy costs as key challenges. It also pointed to the limited availability of aluminium scrap. Input costs are higher than global peers. This is affecting competitiveness. ALEMAI flagged tariff imbalances. Domestic manufacturers face competition from low-cost imports backed by subsidies and trade agreements.

Operational bottlenecks persist. These include regulatory hurdles, fuel allocation issues and labour shortages. MSMEs are the most affected.

As part of the initiative, ALEMAI will host ‘Aluminium Bharat 2026’ from September 26–29 in Gandhinagar alongside Alumex India 2026.

Prasada said, “The initiative… is a statement of intent that India will move up the global value chain in aluminium manufacturing.”

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IFAT 2026: STEINERT is bringing upgrades, new applications and AI solutions to Munich

Wed, 08 Apr 2026 13:30:00 +0530

STEINERT will be presenting new and advanced sorting solutions at IFAT 2026 (4–7 May in Munich) at Stand 451/552 in Hall B6. The focus will be on the STEINERT PLASMAX, with an upgrade of the LIBS flagship for aluminium sorting. STEINERT will also be showcasing processes for separating food-grade PET using AI, sorting construction and demolition waste and HR glass ejection. In addition, we will highlight our customer service benefits that enhance machine performance.

"IFAT is all about sorting tasks that drive our customers' business forward – or the applications that pose real challenges. We will be presenting solutions and references that address both," says Peter Funke, STEINERT Managing Director.

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Upgrade for even finer aluminium alloy fractions

STEINERT PLASMAX LIBS sorting systems are in use around the world. An upgrade has now been developed based on thousands of operating hours of these systems. In future, even finer aluminium fractions can be separated according to alloy components.

Product innovation for complex metal flows

The STEINERT SteelMaster Compact has been specially designed for demanding metal flows with a small particle size. Typical applications include the advanced cleaning of Fe concentrates, the removal of iron from copper concentrates, the processing of shredded meatballs and the sorting of WEEE material flows.

Also Read: Jupiter Aluminum furnace rebuild lifts melt rate 15% amid faster turnaround

Mixed metal granulates

The STEINERT MSort AK chute sorting system enables reliable colour sorting of metals in the particle range from 0.5 to 60 mm. It can also be used to efficiently clean mixed material streams and recover high-quality metal fractions.

Food-grade PET materials

For food-grade PET materials, consistent separation of food and non-food packaging is essential. As both types of packaging are chemically identical, conventional NIR systems reach their limits here. The AI-based sorting program STEINERT Intelligent Object.Identifier (IOI), on the other hand, enables precise differentiation and exceptional separation. With the example of Cirrec, STEINERT has demonstrated that this technology comes into its own in industrial continuous operation.

Construction and Demolition waste

Rising landfill costs and stricter recycling rates make clean separation of mineral fractions economically attractive. At its trade fair stand, STEINERT will be demonstrating how magnet and sensor technology interact in the sorting of construction and demolition waste at SORTAG. The MSort colour sorting technology further expands the range of applications for separating mineral fractions such as concrete, bricks and asphalt.

Safely eject refractory ceramic/HR glass

The detection of heat-resistant glass using more than just visible wavelengths is an alternative to X-ray technology. This is demonstrated by STEINERT MSort with new technology. The result is the detection and removal of heat-resistant glass, ceramics, stones, porcelain (CSP) and metal along with sorting by colour, in just one step. A big advantage is that the MSort can be installed in existing sorting systems.

Service secures investments

Services help to safeguard investments and adapt them to future requirements. STEINERT supports its customers – from commissioning and ensuring availability to the further development and optimisation of sorting performance and technical modernisation over the entire service life. IFAT visitors can find out about all services – from start-up to modernisation and more.

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Note: This article has been issued by STEINERT and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.

Allspring Global Investments builds fresh stake in Kaiser Aluminum amid rising institutional momentum

Wed, 08 Apr 2026 09:30:00 +0530

Allspring Global Investments Holdings LLC, as revealed in its latest filing with the Securities & Exchange Commission in the fourth quarter, acquired new stakes in Kaiser Aluminum Corporation. Of the firm's industrial products company, the investment company brought a total of 41,712 shares, which is deemed to be worth nearly USD 5,018,000. By the end of the latest reporting period, the investing firm will own a 0.26 per cent stake in Kaiser Aluminum.

In the near future, many hedge funds and institutional investors made credible changes in their holdings in Kaiser Aluminum. This includes the Royal Bank of Canada surging its investment in the firm by 212.6 per cent in the first quarter, which brings the total to 5,815 shares valued at USD 352 thousand, after adding 3,955 shares last quarter.

Also read: Jupiter Aluminum furnace rebuild lifts melt rate 15% amid faster turnaround

At the same time, the Jacobs Levy Equity Management Inc. took on its new position, which is said to be worth around USD 247 thousand during the same time. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. expanded its stake by 4.4 per cent and is currently holding a total of 9,491 shares valued at USD 575 thousand, after adding an extra 397 shares. These shares are now worth USD 2,544,000 after adding 1,084 shares.

On the positive side, the Jane Street Group LLC made a significant move by expanding its position within the firm by 323.6 per cent to 55,190 shares, which are currently valued at USD 3,346,000 after acquiring an additional 42,160 shares. In conclusion, the hedge funds and institutional investors are now owning almost 99.29 per cent of the firm's stock.

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On Tuesday, the firm's share stood at USD 130.39, where the 50-day moving average is deemed to be at USD 127.46 and the 200-day average moved to USD 109.45. The firm's market capitalisation has been boosted to USD 2.11 billion with a PE ratio of 19.23 and a beta of 1.39.

In the last year, the firm's share price went low at USD 47.93 and high at USD 150. It holds a debt-to-equity ratio of 1.28, a quick ratio of 1.26 and a current ratio of 2.95. On February 18, the firm reported its latest earnings, posting quarterly EPS of USD 1.53, which is close to the consensus estimate of USD 1.56 by USD 0.03.

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In the same quarter, the firm gained USD 929 million in revenue, which exceeded the expectation of USD 902 million. Additionally, the firm reported a return on equity of 12.69 per cent and a net margin of 3.34 per cent, with the quarterly revenue climbing by 21.4 per cent compared to the same time last year.

In the previous year's corresponding quarter, the firm had an EPS of USD 0.33. In this context, the analysts predict that the firm will be reporting an EPS of 5.14 for the current fiscal year.

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Jupiter Aluminum furnace rebuild lifts melt rate 15% amid faster turnaround

Wed, 08 Apr 2026 08:25:00 +0530

The completion update of one of the three reverberatory furnaces in Hammond, Indiana, has been shared by Jupiter Aluminum, a firm that transforms tonnes of recycled aluminium into a valuable coil. At the normal pace, completing this project takes nearly three-and-a-half to four months; however, in this case, the firm managed to complete it in just 55 days with an investment of USD 2.5 million. This has been significantly possible with the help of American Industrial Services.

As noted by the plant manager, Chris Porter, the installation of the new furnace and the revamped interior has enabled the firm to improve flow characteristics by almost 20 per cent. Besides this, the firm has also boosted the melt rate by about 15 per cent, without making any severe changes to the other designs.

Possible production output after reinstallation

After the update, the firm believes that this year, its Hammond facility will produce more than 200 million pounds of 3105 and 3004 aluminium alloys for the building and construction sector, as reported by the plant manager.

In order to eliminate the scope of any negative impact on the production, the firm is looking for ways to cut the usual rebuild time down by two months. The plant manager stated that it would have been “catastrophic” for the company to have one furnace out of commission for four months. “Time is money, and the longer you're down, the longer you're not operating, the more opportunity is lost.”

Also read: Changes to section 232 tariff valuation a welcome step, certain aluminium product segments need reconsideration

Strategy applied for the revamp

Moving away from the usual route, which is to handle the rebuild of its 20-year-old furnace in-house, the firm took a strategic decision to bring in American Industrial Services (AIS) from Waxahachie, Texas, for the project. AIS has been specialising in engineering, fabrication, mechanical and refractory services through its various subsidiaries, like Southern Welding, Elite Industrial and Elite Refractory Services.

Concerning the design, as mentioned by the plant manager, it had been started with Pyrotek, which is a molten metal service firm based in Spokane, Washington. AIS conducted water modelling on the firm's previously designed furnace. This strategy aids in illustrating a theoretical flow of molten metal.

By using this analysis, the firm gains the ability to tweak the furnace geometry and further enhance the flow rate characteristics. This then led the firm to gain results which they are aiming for. After finalising the design via the modelling technique, the firm can successfully start using the furnace.

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In addition to this, the firm is also revamping its furnace loading strategy as part of the project to make effective use of the shredded metal while minimising the melt loss at the same time.

Porter stated, "The use of shredded material has always been difficult in recirculating reverb furnaces … because shredded materials float on top of the aluminium bath, so there is a lot of melt loss associated with it; it burns off"

Injecting shredded material into the molten metal

The firm is able to inject shredded material into the molten state by making use of Pyrotek’s LOTUSS (low turbulence scrap submergence) bowl, which opens new possibilities for using alternative scrap sources.

Pyrotek, a global engineering leader and innovator of performance-improving technical solutions, has explained that the LOTUSS system incorporates a molten metal circulation pump, which moves the metal from the furnace to a more circular refractory well.

The design of the well is done in a way that it creates a downward vortex, aiding in the metal flow, allowing scrap materials to submerge faster beneath the surface of the molten metal, reducing oxidation and metal loss.

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Further investments in the furnaces

The firm is planning to undertake additional investment in its furnace, where the plant manager mentioned the plan of relining its last two reverberatory furnaces in 2027 and 2028. He explained, "They are just relines with maybe some slight design changes, but I anticipate at this point no mechanical structure changes." He further stated that these relines will enable the firm to apply similar enhancements made within the first furnace, which aids in improving the metal flow as well as the melt rate.

Besides this, keeping in mind the relining process, the firm is also planning to launch a substantial vertical integration project aiming at in-house scrap processing. Owing to this, the plant manager concluded, "We're getting ready to kick off a large vertical integration project where we do our own scrap processing in-house" This move is deemed to expand the aluminium scrap variety which the firm can source and further upgrade for its furnace.

The commissioning plan in details

According to the firm's plant manager, the equipment is already in place and will be operational by late summer 2027. With this new update, the firm is planning to enhance its reputation as one of the most efficient and cost-effective casting operations in North America.

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As of now, the firm attains nearly 225 million pounds of material each year, where the aluminium scrap holds 27 per cent. He said, "Three per cent of that is primary aluminium. We're working on getting that down to zero by the beginning of 2027."

In this, he further adds that by making use of recovered aluminium instead of the primary aluminium, the firm is keeping the cost in check. Owing to this, he said, "The idea is to use as much scrap aluminium as possible because there's a significant cost difference in scrap versus primary."

Alongside this, the firm's proprietary Jupiter Oxygen technology enables the firm to cut the use of natural gas by 65 per cent, making the firm one of the most eco-friendly facilities in North America. Keeping this in mind, the plant manager commented, "We're committed to substantial investments in our company and growing organically in the building and construction markets. We're enhancing many of our rolling mills and investing in people and processes."

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Autostructures UK enters administration, aluminium and steel supplier faces market pressure

Wed, 08 Apr 2026 01:00:00 +0530

Autostructures UK, a long-running UK manufacturer of steel and aluminium components, has entered administration after 68 years in operation.

The Telford-based company appointed administrators in late March. It had a long-standing relationship with JCB, working with the company for around 30 years, supplying more than 22,000 chassis frames and contributing to the development of the world’s fastest tractor. The firm also worked on specialized wheel components for JCB’s Fastrac model, which reached speeds of 153.771 mph.

According to Companies House, the business was originally incorporated on March 10, 1958, under the name Alexander Socket Screws Limited.

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A notice on the company’s website confirmed that Christopher Pole, Ryan Grant and Sam Birchall were appointed joint administrators of Moveero Ltd, the parent company, on March 25, 2026. The administrators are overseeing the company’s affairs, business and assets, and are authorized insolvency practitioners with the Institute of Chartered Accountants in England and Wales.

Moveero Ltd, which owns Autostructures UK, manufactures components for construction and agricultural equipment, including wheels, rims and hubs. While the UK arm has entered administration, administrators Interpath said the wider group continues to perform well, with operations in the US and Denmark unaffected.

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The UK business, however, has been under pressure for some time, facing a weaker off-highway vehicle market, pricing pressure and increasing competition. Interpath said the move into administration is intended to protect creditors while allowing the business to continue trading as buyers are sought for its operations and assets. Staff are being retained during this period.

Moveero CEO David Geraghty said the company had been working over the past year to improve financial performance despite a difficult economic environment. He added that recent support from customers had provided additional time to explore options for the UK business.

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