Metal Mayhem: Germany and Turkey drag European aluminium alloy ingot market down
The European market for aluminium alloy ingot has experienced a significant devaluation, with both Germany and Turkey playing a pivotal role. Their substantial price reductions, amidst economic challenges and struggles in the automotive sector, have contributed to a pronounced downward trend in the week ending November 15th.
Image source: https://www.sav-al.com/
Germany rolls downhill
According to chemanalyst.news, Germany's aluminium alloy ingot prices dropped by 2 per cent as the country struggles with financial challenges. Its economy is in recession for two years in a row. In H1 (first half) of the ongoing year (2024), it contracted by 0.2 per cent compared to the same duration in 2023.
Events
e-Magazines
Reports
This news is also available on our App 'AlCircle News' Android | iOS
A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems
Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines
Leading manufacturer of value-added equipment for the aluminum casthouse
Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals.
Your reliable partner in aluminum casthouse equipment and products
Fioscope provide air-cooled camera technology for high temperature applications
Business Leads
