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CSTM Constellium SE - Ordinary Shares - Class A

$25.75
$0.89
(3.65%)
Today
Closed $25.29
$0.46
(1.82%)
After Hours
EarningsOct 28
Mkt Cap$3.31B
Vol1.84M

About CSTM

Constellium SE is a holding company, which engages in the design and manufacture of rolled and extruded aluminum products. It operates through the following segments: Packaging and Automotive Rolled Products, Aerospace and Transportation, and Automotive Structures and Industry. The Packaging and Automotive Rolled Products segment includes the production in European and North American facilities. The Aerospace and Transportation segment involves the plate and sheet form, and limited volumes of extruded products. The Automotive Structures and Industry segment consists of extruded aluminum products and structural components, crash-management systems, body structures, side impact beams, and battery enclosures, fabricated hard and soft alloy extruded profiles. The company was founded on May 14, 2010 and is headquartered in Paris, France.
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Constellium warned it could cancel planned aluminum recycling expansions in Europe if policymakers fail to address a scrap shortage caused by exports to foreign markets, Reuters reported. CEO Ingrid Joerg said several recycling projects across the company’s packaging, automotive and aerospace divisions are under review, ranging in size from smaller initiatives to projects comparable with its previous €130 million ($148.8 million) expansion in France. The European Commission recently dropped plans for an export tariff on aluminum scrap and instead proposed limiting exports through waste-shipment rules. Constellium and other European producers question whether that approach will be effective, as some non-OECD countries are seeking exemptions. The company recycles part of its production internally but also relies on external scrap supplies. $CSTM

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