Russia’s Rusal says Q3 aluminium gross sales flat on decrease steel costs

HomeStock

Russia’s Rusal says Q3 aluminium gross sales flat on decrease steel costs

Oct 25 (Reuters) - United Firm Rusal 0486.HK on Friday reported solely a small rise in third-quarte


Oct 25 (Reuters)United Firm Rusal 0486.HK on Friday reported solely a small rise in third-quarter aluminium gross sales from the earlier quarter, pressured by a weaker marketplace for the steel.

Aluminium gross sales for the three months to Sept. 30 rose 0.8% on the quarter to 1.1 million tonnes, whereas manufacturing was up 0.4%, at 942,000 tonnes.

Within the third quarter, the common aluminium realized value for the corporate decreased 3.8% from the earlier quarter, to face at $1,896 per tonne.

(Reporting by Devika Syamnath in Bengaluru)

(([email protected]; +91 80 6749 1130;))

The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.



nasdaq.com