The company has started commissioning the Oswego, New York, plant and expects to ramp up hot mill production in the coming weeks. Disruptions have negatively affected automakers for months.
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The company has started commissioning the Oswego, New York, plant and expects to ramp up hot mill production in the coming weeks. Disruptions have negatively affected automakers for months.
Published May 20, 2026
Aluminum sheet coil at Novelis' Oswego, New York, production facility. The company plans to resume hot mill operations in the next few weeks following damage from two fires last year, CEO Steven Fisher said in an earnings call May 19.
Novelis anticipates a greater impact on its cash flows due to fires at its Oswego unit. The company will, however, restart the…
Hindalco shares gained 2% after US arm Novelis plans to reopen its Oswego hot mill sooner than anticipated, despite a higher…
Hindalco shares rise 4% amid mixed brokerage views on Novelis' FY27 outlook following a $84 million Q4 loss.
The aluminum producer is expecting earnings to improve in the second quarter as it expands production capacity at its South…
Analyst Timna Tanners upgraded the aluminum miner and smelter to overweight from equal weight.
In other news, Alcoa plans to invest $65 million to expand and upgrade its Norway smelter for recycled content, and FabArc Steel…
