Aleris Corporation

U.S. Aluminium Execs Take Case Against Chinese Imports to Capitol Hill

U.S. Aluminium Execs Take Case Against Chinese Imports to Capitol Hill

A team of executives from several United States aluminium firms testified before the U.S. International Trade Commission (ITC) last week to add their voices to the growing chorus calling for the body to recognize the significant and ongoing injury they say is...

Sources Say Aditya Birla Readying Offer for Aleris

According to sources who spoke with domestic media, Aditya Birla Group is preparing to make an offer for Hindalco’s extruded aluminium subsidiary Aleris International, Inc. The sources, who spoke to the media on condition of anonymity, say that the firm is assigning an enterprise value of US$2.5 billion to the Cleveland, Ohio subsidiary. According to […]

Zhongwang Deal Extended to Mid-September: Aleris Spokesperson

Aluminium extrusion giant China Zhongwang continues to have its sights set on Cleveland’s Aleris Corporation according to a spokesperson from the latter. According to an article published Friday, the merger agreement between Aleris and Zhongwang subsidiary Zhongwang USA has been extended to the middle of this month. The agreement, which was first announced at the […]

Improved Aluminium Market Raises Aleris’ Q2 Numbers

Cleveland’s rolled aluminium firm Aleris Corporation reported results for the second quarter of 2017 yesterday. Though still reporting a net loss, the numbers were better year on year thanks in part to an overall improvement in the global aluminium market. Aleris shipped 220 thousand metric tons of finished product in the quarter, one thousand metric […]

U.S. Lawmakers Urge Treasury Secretary to Reject Zhongwang’s Purchase of Aleris

Over two dozen United States legislators signed a letter calling upon U.S. Treasury Secretary Steven Mnuchin to disallow the sale of value-added aluminium firm Aleris to the People’s Republic of China’s controversial aluminium titan China Zhongwang Holdings. The letter, which was distributed to Reuters yesterday, cited national security concerns as their grounds for objecting to […]