Dubai Aluminium Company (below DUBAL) headed in UAE posted year-on-year higher sales and profits in 2011 annual financial accounts. The sales increased by 15% to AED (UAE Dirham) 9.9 billion (approximately 207 billion yen) while the operating profit to sales rate upped by one percentage point to 26%. Primary aluminium production was 1.015 million tonnes, which slightly increased from the previous year while maintained above 1 million tonnes. Annual output of casted products was 1.05 million tonnes, slightly increasing year-on-year and representing above 1 million tonnes for three years in a row. The sales volume increased by 2% to 1.033 million tonnes and hit the record volume. An executive officer of DUBAL told Japan Metal Bulletin in Dubai, UAE.Emirates Aluminium (below EMAL) achieved 748,000 tonnes of output and sales volume in 2011, 2.5 times of the previous year. EMAL is a fifty-fifty company between DUBAL and a governmental investment company of Abu Dhabi. EMAL reached full operation at the end of 2010 and kept full production through a year of 2011. EMAL’s financial results are not disclosed. EMAL supplies the products to about 300 customers in 36 countries. The sales to Japanese customers increased by 33% to 267,115 tonnes in 2011 from 2010. DUBAL accounted for 175,525 tonnes and EMAL 91,590 tonnes. Both of DUBAL and EMAL currently continue full operations. Their annual output and sales volumes are expected to keep the level as high as in 2011 though both companies don’t disclose their sales plans in 2012. The sales to Japanese customers are expected to increase mainly for high value added products including billet, casting alloy and high purity ingot.
LME Settlement prices05/08/2013
Japan Steel Scrap Composite Prices (Sangyo Press)05/10/2013
|22100YEN (-200)||25300YEN (-200)|
|US$216.75 (-1.96)||US$248.14 (-1.96)|
* Average of Tokyo, Osaka and Nagoya prices
* What is Japan Steel Scrap Composite Prices