Coronavirus: Hydro cuts production at several extrusion sites
Hydro said the Coronavirus situation continues to weigh on the company’s markets and operations. This affects production at several extrusion sites, mainly in Europe. Around 35 percent of the sites running at reduced levels and around 20 percent either closed or running at very low levels.
Around 45 percent of the extrusion sites are running at approximately normal levels. The market uncertainty is high across Bauxite & Alumina segment and Primary Metal.
“From a Hydro perspective, the impact from the Coronavirus situation is becoming more visible in the Extruded Solutions business area with an increasing number of sites affected by the situation with reduced production at several sites,” Hydro said.
Primary production operations are mostly running as normal. The recycler Azuqueca, Spain, has been temporarily idled this week, while recyclers Luce in France and Clervaux in Luxembourg were temporarily idled last week.
“Hydro’s corporate emergency team continues to work closely with all business areas to coordinate contingency planning and implement mitigating measures across the company to ensure safe working environment at plants and preparedness plans fit for purpose.”
“Hydro is supplying material and products to customers having key roles in the handling of the coronavirus pandemic. Selected deliveries to the health sector include Hydro Extrusion Spain supplying profiles for three new field hospitals and Hydro Cressona supplying extrusions used to make emergency response equipment and key infrastructure, supporting customers deemed critical to fight COVID-19.”
source: ALCIRCLE.COM
Top News
Canada invests $70m in Seymour Lake lithium project in Ontario
Iran Alloy Steel Company intends to purchase 600 tons of Low-Carbon Ferrochromium
Iron ore price hits five-week low as traders fret about Chinese demand
Gold price steadies as traders focus on uncertain 2025 rate path
Gold price under pressure from high US bond yields in holiday trading week
A STEP FORWARD TOWARDS SAFETY
Sovel contracts Danieli Automation for bar mill upgrading
Cordoba secures $10m bridge loan from partner JCHX for Alacran project
Iron ore price rises on pre-holiday restocking, China stimulus hopes
Iron ore price reverses to losses as weakening China steel consumption drags
China to cut import tariffs on some recycled copper and aluminum raw materials
China’s November net gold imports via Hong Kong hit seven-month high
Iron ore price rebounds on improving steel margins, falling portside stocks
Mongolia reaches deal for $1.6 billion uranium mine with Orano
Iran Alloy Steel Company intends to purchase 600 tons of Low-Carbon Ferrochromium
Gemfields pauses Mozambique operation amid political unrest
Cordoba secures $10m bridge loan from partner JCHX for Alacran project
Gold price under pressure from high US bond yields in holiday trading week
Eramet produces first lithium from Centenario plant in Argentina
Iron ore price hits five-week low as traders fret about Chinese demand
China’s November net gold imports via Hong Kong hit seven-month high
Iron ore price rebounds on improving steel margins, falling portside stocks
Iran Alloy Steel Company intends to purchase 600 tons of Low-Carbon Ferrochromium
Gold price under pressure from high US bond yields in holiday trading week
Eramet produces first lithium from Centenario plant in Argentina
Iron ore price hits five-week low as traders fret about Chinese demand
Congo frees most of Chinese men held for illegal mining
Iron ore price reverses to losses as weakening China steel consumption drags
Gold price firms in holiday-thinned trade, spotlight on Fed and Trump policies