For Immediate Release
     November 9, 2017

Aleris Reports Third Quarter 2017 Results
CLEVELAND, Ohio – November 9, 2017 – Aleris Corporation today reported results for the three and nine months ended September 30, 2017.

Third Quarter Summary
Net loss of $66 million compared to net loss of $22 million in the third quarter of 2016
Cash from operations of $43 million compared $2 million in the third quarter of 2016
Adjusted EBITDA of $46 million compared to $53 million in the third quarter of 2016
Successfully completed planned complex Lewisport outage
CALP I and new wide cold mill in production mode; CALP II commissioning well underway
Strong North America operating performance and productivity as well as favorable metal environment more than offset significant impact of Lewisport outage
Europe unfavorably impacted by continued aerospace and automotive headwinds and a weaker U.S. dollar
Liquidity of approximately $281 million as of September 30, 2017

Fourth quarter 2017 segment income and Adjusted EBITDA expected to be lower than prior year based on continuation of current short-term trends
Commercial shipments from first Lewisport CALP line have recently commenced and will show meaningful ramp up in 2018 based on contracted volumes; residual outage effect complete in the fourth quarter
Improved metal spreads expected to continue to benefit North America
We expect building and construction fundamentals to remain healthy; fourth quarter volumes are expected to be lower due to delinquency reductions in the prior year
Aerospace softness, due to continued supply chain destocking, and automotive model launch delays will continue to impact Europe volumes in the fourth quarter; trends reversing sequentially going into 2018
Weaker U.S. dollar will negatively impact Europe results in the fourth quarter
Strengthening long-term global aerospace presence
We expect liquidity to benefit from customer capacity reservation fees in the fourth quarter or early in 2018

“The third quarter marked a major turning point in our strategic realignment,” Sean Stack, Aleris chairman and CEO said. “Successfully completing our very complex Lewisport outage and expansion allows us to transition from planning, building, commissioning and spending to production and revenue generation. Solid fundamentals, strategic commercial wins and recent order patterns give us confidence going into 2018 that the disappointing short term trends in aerospace, European automotive and building and construction are temporary.”


The following information was filed by Aleris Corp (ARS) on Thursday, November 9, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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