Hindalco sees auto aluminum supplies near pre-COVID levels — Panjiva
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Hindalco sees auto aluminum supplies near pre-COVID levels

China 3053 Coronavirus 511 European Union 882 Japan 631 Materials - Metals/Mining 796 Metals - Aluminum 271 Quote Watch 452 South Korea 605 U.S. 5404

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,...

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