Rusal Q2 sales rose 13% in the first half of the year in order to increase the share of value-added products

Published: Jul 29, 2019 11:01

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Rusal (Rusal) reported results for the second quarter of this year on July 26th, which showed that the company produced 938000 tons of aluminum in the second quarter of this year, up 1 per cent from a month earlier. Total aluminium production reached 1.867 million tons in the first half of this year, down 0.2 per cent from 1.87 million tons in the first half of last year.

SMM7, 29 July: Rusal (Rusal) announced its results for the second quarter of this year, which showed that the company's aluminum production in the second quarter of this year was 938000 tons, up 1 per cent from the previous month. Total aluminium production reached 1.867 million tons in the first half of this year, down 0.2 per cent from 1.87 million tons in the first half of last year.

Aluminum sales reached 1.082 million tons in the second quarter, up 20.8 per cent from a month earlier. Total sales in the first half were 1.978 million tons, up 13.2 per cent from a year earlier.

Among them, sales of aluminum value-added products were 414000 tons, up 59.9 percent from the previous month, mainly because the company aims to increase the share of value-added production in total sales through the development of downstream business, which will be one of the strategic centers of the company.

The share of sales of value-added products has risen from 29 per cent in the first quarter of 2019 to 38 per cent in the second quarter, with a target of 50 per cent by 2020. "Company Q2 earnings report

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