top of page

Slovalco still in the red but tariffs on Chinese aluminum imports will help

Žiar nad Hronom-based Slovalco, an aluminum smelter 55% owned by Norsk Hydro and 45% by Penta, managed to cut its losses 38% to €25.8m in 2020 after its sales shrank 25% to €282.8m. Back in 2018 its sales stood at €400m. It will benefit from the recent EU decision to slap 19-47% tariffs on Chinese aluminum imports, as well as from the economic recovery that drives up demand. On the other hand, it must cope with rising prices of emission allowances.


Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

bottom of page