U.S. Aluminium And Steel Firms Sue Railroads On Allegations Of Price Fixing

U.S. Aluminium And Steel Firms Sue Railroads On Allegations Of Price Fixing

An array of United States aluminium and steel producers filed suit against a quartet of the country’s largest railroad firms last week alleging a conspiracy among them to inflate prices and overcharge customers for their services over the course of several years...

Arconic Beats Wall Street Estimates For Fourth Straight Quarter In 3Q

American value-added aluminium firm Arconic reported results for the third quarter of 2018 yesterday, beating Wall Street estimates for the quarter. Arconic reported a third-quarter revenue of US$3.5 billion, a 9-percent rise on the year. Net income for the quarter totaled US$161 million, up from US$119 million in last year’s penultimate quarter. Net income less […]

Sources Say Arconic In Sales Talks With Private Equity Firms

According to individuals professing a knowledge of the matter, value-added aluminium firm Arconic Inc. is conducting negotiations on offers for the sale of the entirety of the company. Per unnamed individuals who spoke with Reuters late last week, several private equity firms have confidentially expressed a serious interest in the company, including Blackstone Group LP […]

Arconic’s Q2 Results Positive In All Segments, Besting Estimates

Pittsburgh value-added aluminium firm Arconic Inc. reported results for the second quarter yesterday. The firm’s results beat estimates across all three segments in the quarter. In the second quarter, Arconic reported a revenue of US$3.6 billion, a 10-percent improvement over last year’s second quarter. Net income fell to US$120 million, down from last year’s second-quarter […]

Arconic Lands Long-Term Aluminium Sheet Supply Contract With Boeing

Value-added aluminium firm Arconic announced Monday a new, long-term contract with The Boeing Company to supply the aerospace firm with aluminium sheet and plate for the entirety of its offerings from Boeing Commercial Airplanes. This latest contract is the biggest to date, and it builds upon a deal signed by Arconic’s predecessor-in-interest with Boeing four […]