‘Interesting’ margins to be made from melting ‘difficult scrap’ - Norsk Hydro CEO

Norwegian aluminium and renewable energy company Norsk Hydro is looking at ways to use less-clean scrap in low-carbon ingot production, according to chief executive officer Hilde Merete Aasheim.

Aasheim was speaking to Fastmarkets in an exclusive interview on Tuesday October 26, after the company announced record third-quarter results for its aluminium business.
“For us, profitability and sustainability go hand in hand,” Aasheim said. “If we are able to source more difficult scrap, which has a lower purchase price than the cleaner scrap, then the margin [could be] very interesting.”

Pre-consumer scrap is material that arises during manufacturing processes of aluminium and its alloys, whereas post-consumer...


Imogen Dudman

October 28, 2021

12:10 GMT