菜单

Panjiva_research_logo

Hindalco sees auto aluminum supplies near pre-COVID levels

China 2574 Coronavirus 415 European Union 649 Japan 515 Materials - Metals/Mining 627 Metals - Aluminum 194 Quote Watch 248 South Korea 504 U.S. 4574

Hindalco reported calendar Q2 revenues which dropped by 15.6% year over year due to reduced global demand for aluminum and copper resulting from the COVID-19 pandemic. Life may be getting back to normal for the firm though with MD, Satish Pai, noting “all plants are operational, and many are now running at their full capacity”. On the demand side Pai has also stated that “all the automotive customers in North America and China are now pulling at nearly pre-COVID levels”. U.S. seaborne imports linked to Hindalco, its Novelis subsidiary and newly acquired Aleris, dropped by 55.1% year over...

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.