Alcoa shifts focus to primary aluminium ingot, away from VAP

Alcoa has begun converting more aluminium into commodity-grade aluminium ingot instead of aluminium value-added products like billet, while the Covid-19 pandemic dissolves demand for those products from automotive and construction buyers.

“We produce a mix of higher-margin value-added primary aluminium products, as well as lower-margin, commodity-grade products at our smelters and integrated casthouses. In our products, we have seen demand impacts. So, we have started to shift some of our sales from value-added castings to commodity-grade products. And we will see this trend continue,” Alcoa president and chief executive officer Roy Harvey said in...

Published

Michael Roh

April 23, 2020

05:58 GMT

New York