Hydro’s aluminium extruded, rolled product sales plummet due to Covid-19 restrictions

Aluminium producer Hydro has reported a 42% drop in sales from its Extruded Solutions business unit and a 21% drop in rolled product sales for April-May, due to the impact of Covid-19 restrictions.

The Norwegian company announced that its sales from its Extruded Solutions business unit were down 42% in April and May of this year, compared with the same months in 2019, due to weaker market demand following the Covid-19 outbreak.
Hydro sold 138,000 tonnes of extruded products in April and May, compared with 237,000 tonnes in the same months last year. Hydro has the largest global aluminium extrusion-based operation in the world with 100 production sites.
Weaker demand also hit Hydro's rolled products business, with sales in this area down 21% for April and May 2020.

Rolled...

Published

Alice Mason

June 15, 2020

10:40 GMT

London