Stock Markets June 10, 2026 10:13 AM

Novelis Brings Oswego Hot Mill Back Online, Aiming to Ease Aluminum Shortages for Ford

Restart at New York plant follows months of outages after two fires that disrupted supply to F-150 production

By Ajmal Hussain
Share
Twitter Reddit Facebook LinkedIn
F

Novelis has restarted production at its Oswego, New York hot mill, a facility central to supply for Ford's F-150 pickup line, months after two fires forced a halt. The aluminum supplier says it is coordinating with customers to increase output. The outages contributed to industry-wide bottlenecks that prompted Ford to lower its 2025 profit outlook and reserve for a potential charge of up to $2 billion; Hindalco, Novelis' owner, estimated roughly $437 million in fourth-quarter costs tied to the disruption.

Novelis Brings Oswego Hot Mill Back Online, Aiming to Ease Aluminum Shortages for Ford
F
Summarize with
ChatGPT Perplexity Claude Grok Gemini

Key Points

  • Novelis has restarted the hot mill at its Oswego, New York plant, months after two fires halted operations.
  • The Oswego facility is an important supplier to Ford's F-150 line; Novelis also supplies other automakers including Stellantis and General Motors.
  • The outage contributed to supply bottlenecks that led Ford to cut its 2025 profit forecast and announce a potential charge of up to $2 billion.

Novelis announced the restart of the hot mill at its Oswego, New York facility, restoring output at a site that plays a key role in supplying aluminum for Ford's F-150 pickup truck series. The company said production resumed on Wednesday, months after two separate fires had shut the plant.

Company officials said they are working closely with customers to ramp supply back up. While Novelis provides aluminum to multiple automakers, including Stellantis and General Motors, Ford is a particularly large consumer because its flagship F-series trucks largely use aluminum body panels.

The shutdown of the Oswego plant had contributed to supply bottlenecks across the industry. Those disruptions were cited by Ford when the automaker trimmed its 2025 profit forecast and set aside a potential charge of up to $2 billion related to the production interruptions.

Novelis' chief executive, Steve Fisher, commented on the restart, saying, "Restarting the Oswego hot mill is an important step forward for our operations and, most importantly, for our customers." The remark accompanied the company's confirmation that production had resumed.

During the period when the New York mill was offline, Novelis relied on output from other plants in South Korea and Europe to help fill demand and sustain aluminum supply. That redeployment of production capacity was part of the company's response while Oswego remained shut.

Novelis' parent, Hindalco Industries, quantified some of the financial impact tied to the outages. In May, Hindalco said the disruption cost the company roughly $437 million in the fourth-quarter. Those costs reflect the operational and supply adjustments while the Oswego facility was out of service.

Automakers and markets tracking the situation have been attentive to the plant's status because of the role Oswego plays in supplying material for high-volume truck models. Novelis said the restart is intended to support a steady ramp-up of supply in coordination with affected customers.


Contextual note: The reporting here is limited to the company's statements about the restart, prior public comments from Ford about its forecast and charge, and Hindalco's disclosure of costs tied to the disruption.

Risks

  • Supply uncertainty while Novelis ramps output - impacts automotive manufacturers that rely on aluminum, particularly truck production.
  • Financial exposure for related companies - Hindalco reported roughly $437 million of disruption costs in the fourth-quarter tied to the plant outages.
  • Potential for uneven or delayed recovery in volumes - customers and markets face near-term unpredictability as the Oswego mill scales production back up.

More from Stock Markets

Google rolls Gemini AI features out across new global Chrome markets Jun 10, 2026 Google expands Gemini with one-tap Business Profile integration and centralized management tools Jun 10, 2026 DDN Seeks Strategic Backers in New Funding Push Ahead of Year-End Jun 10, 2026 New '60 Minutes' Leader Brings External Consultant as Staff Turmoil Continues Jun 10, 2026 RBC Bumps Pfizer to Sector Perform as Valuation Resets Ahead of Late-Stage Trial Readouts Jun 10, 2026