Goof,
I appreciate you providing public information. I hope you can read between the lines.
Your facts are without question. For the most part they are irrelevant (either talking to book or addressing unneeded capacity).
I’ll not address specifics as I am not at liberty to share, however, I will reiterate a couple of points that I’ve made in the past (check my post history, if you like).
(Please note, nothing in my posts have ANYTHING to do with steel). I have no background in practice and no relevant information that is not publicly available.
- Smelters (primary aluminum) - The US doesn’t need capacity here. NOT AT ALL. In addition, the regulatory space around Smelters is not favorable. No Tariff will address this. Aluminum alloy production rides and grows on recycling industrial and consumer metals. All aspects of our economy around aluminum are supported by recycling/remelting (including considerable capacity available for growth).
- The consumer market is flat to down. Trends with individual segments in this space are offsetting.
- Capacity in billet or finished goods is excessive. As a result, most consumption in aluminum alloys rides on price. Where technology/IP drives, premium is available AND IS CURRENTLY BEING ONSHORED.
The above points present no large investment opportunity for businesses to expand capacity. Regulations and Economics do not provide sufficient incentive to do so.
PROFITS are available to investors and shareholders as margins are rising for onshore US locations.
JOBS are available for employees who desire to get into this industry. (no, there will not be 500,000 jobs available in this space - ever)