Hydro is hereby informing general engineering customers of a €50 per metric ton increase for uncoated 5xxx-series aluminium sheet and strip.
All Hydro rolling mills that are producing for this segment are fully booked in the second quarter. Consequently, the increase will be effective for all deliveries after July 1. Firm agreements that have been made previously will be respected.
The inventory level of 1xxx-series sheet has increased in the market. For this reason Hydro will reduce the sheet output in alloy 1050 with immediate effect. In summer the cut-to-length line will be closed for the three-week holiday period for maintenance.
As soon as the inventories in the market are back to the normal level, production will revert to previous volumes. Prices for 1050-sheet will be rolled over from the second to the third quarter.