Concurring with Bengal Global Business Summit, AlCircle; the Global Aluminium Ecosystem organised a Global Aluminium Roundtable Conference at its Ecospace office in Kolkata today. A roundtable meeting covering the topic of global aluminium industry with a special focus on the demand supply dynamics, price trends, downstream expansions, new business opportunities and an outlook for 2018 was hosted with delegates from Gulf Aluminium Council, Danieli, A&L aluminium magazine & Metef Group and JS Group.
{alcircleadd}Gulf Aluminium Council was represented by its Secretary General Mahmood Daylami. Mr Alberto Pomari, the Marketing Director of A&L aluminium magazine and one of the organizing committee members of Metef exhibition also participated in the round table. He was supported by Mr Mauro Cibaldi, President, DERAL S.p.A. and CENTROAL (Centro Italiano Alluminio).
Danieli India Ltd was represented by Mr Prakash Reddy, Vice President, Non-ferrous DFH and Mr Siddartha Banerjee, VP (Sales & Key Accounts Management). Danieli BREDA was represented by Claudio Di Stefano, Area Sales Manager.
They were supported by Mr Kamal Prakash, Managing Director of JS Group & AlCircle and Abhrajeet Chatterjee, Head, Aluminium Division and Tapobrata Deb, Manager, Raw Material Division. The roundtable session was moderated by Mr Vikas Devnani, VP, AlCircle and was supported by Sudip Nandy and Sandip Paul from Digital Marketing and Technical Team and Beethika Biswas, Content and Media Head.
The roundtable discussion started with a general discussion on the positive price and demand development in 2017 and how it is going to influence the industry in 2018. Participants in the discussion projected a bullish outlook for aluminium price for the first half of 2018. China’s aluminium production and recent capacity cuts and closures were also the highlights of the discussion. The delegates were of the view that the pressure on China’s primary sector due to capacity reduction in coal, alumina and aluminium will have a long tern effect on the price momentum of aluminium.
The delegates projected a bright demand outlook for aluminium and agreed that the demand will be mostly driven by the transport and automotive sector. Denieli projected a growing demand for aluminium extrusion sector in India. India’s quick growth as an economy and the resulting growth potential for aluminium was another topic that was broadly highlighted. The rich raw material reserve of India was considered as a huge potential for aluminium investment in India. Mr Daylami spoke about the outstanding growth of the Middle East aluminium industry in 2017 and its outlook for next two years and its raw material strategies.
The growth of aluminium downstream sector in Europe in general and Italy in particular was another topic that was discussed in detail and the delegates agreed on the increased construction and transport demand.
Overall, the delegates agreed on a bright and bullish outlook for aluminium productionas well as consumption for 2018, supported by solid demand growth.
This roundtable was broadcast Live on AlCircle’s Facebook page.
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