Alcoa sees Q4 GRP auto sheet shipments up 45%-50%
In GRP, says lower demand in airframes from supply chain inventory destocking and build rate reductions on A380, B777, B747-8 and C-Series; N.A. heavy duty truck build rates continue to decline in Q4. ATOI in GRP segment is expected to be flat year over year in Q4 at $49M at current exchange rates. Q4'15 reported ATOI of $52M; Q4'15 ATOI of $49M adjusted for transfer of Warrick and Saudi Arabia rolling mills. ATOI in Engineered Products and Solutions is expected to be up 6 to 14% year over year to $130M to $140M at current exchange rates in Q4. Sees Q4 alumina production up 30 KMT sequentially. Comments from slides that will be presented on the Q3 earnings conference call.