Aleris Reports Third Quarter 2012 Results

　　Aleris International, Inc. today reported unaudited results for the three and nine months ended September 30, 2012.

　　Third Quarter Performance Highlights

　　Volumes declined 2% in the third quarter of 2012 compared to the third quarter of 2011.

　　Excluding acquired businesses, volumes declined 4%.

　　Global aerospace and automotive market segment volumes up 9% and 12%, respectively.

　　North American building and construction industry volumes up 23%.

　　Regional European demand for plate and coil continues to lag prior year.

　　Net income attributable to Aleris International, Inc. for the third quarter of 2012 was $33 million compared to $28 million for the third quarter of 2011.

　　Third quarter 2012 Adjusted EBITDA was $78 million compared to $96 million in the prior year.

　　Lower LME prices and scrap availability reduced metal and scrap spreads by $18 million.

　　Productivity gains exceeded inflation by $5 million.

　　Improved product mix from global market segments partially offset lower volumes.

　　Cash provided by operating activities totaled $56 million in the third quarter of 2012 compared to $125 million for the third quarter of 2011.

　　Capital expenditures increased in the third quarter of 2012 to $97 million.

　　Zhenjiang, China rolling mill is scheduled to begin production in 1Q 2013.

　　Wide auto body sheet expansion project in Duffel, Belgium to be completed by year end.

　　Wide coating line in Ashville, Ohio to be completed by year end.

　　Liquidity at September 30, 2012 was $583 million consisting of $477 million of availability under the Company's ABL Facility plus $106 million of cash.

　　$500 million private placement of 7 7/8% senior notes completed on October 23, 2012.