Aluminum die casting industry affected by American automobile industry crisis

2016-1-29 Browse: 2003 Author: Taixing

In recent months, the U.S. auto sales have dropped sharply, and the automotive industry crisis has affected the aluminum die-casting and recycled aluminum industry. In November, U.S. car sales fell 35% year-on-year, a big drop since the 1950s. Among them, Fords sales fell by 30%, GMs and Chryslers sales fell by 41% and 42%, respectively; Japanese Nissans sales fell by 35%, and Toyotas and Hondas sales fell by the same extent. Affected by this, the automobile industrys demand for aluminum die castings has also declined. According to the die casting industry in the United States, the demand for aluminum die castings by the three major U.S. automobile manufacturers has dropped by 60%, and the situation is expected to be more bleak in 2016. Intermet, a famous American die casting manufacturer, has applied for bankruptcy protection. The recycled aluminum alloy production industry, which provides raw materials for die-casting plants, has also suffered from the disaster. News of bankruptcy has been heard frequently. For example, commercial alloy companies have recently applied for bankruptcy protection. Industry insiders believe that if this situation continues, more enterprises will go bankrupt. Nevertheless, industry insiders are optimistic about the future development of aluminum die casting industry. The above manufacturers believe that the global aluminum die casting market capacity will reach 15.6 million tons in 2016, among which Europe is the largest aluminum die casting Market in the world, and the demand will reach 4.6 million tons in 2016.

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