Edition:
India

Rising raw material costs to weigh on Q3 Norsk Hydro earnings -CEO


Wednesday, 22 Jul 2020 

July 22 (Reuters) - Norsk Hydro ASA Chief Executive Hilde Merete Aasheim told Reuters::NORSK HYDRO CEO SAYS THE BOARD WILL DISCUSS DIVIDEND PAYMENT QUESTION LATER THIS YEAR.NORSK HYDRO CEO SAYS THERE IS STILL A LOT OF MARKET UNCERTAINTY AMID A RISK OF SECOND COVID-19 WAVE DESPITE SIGNS OF ALUMINIUM DEMAND RECOVERING IN CHINA.NORSK HYDRO CEO SAYS DEMAND IN CHINA EXPECTED TO RECOVER IN 2021 AT EARLIEST, WHILE DEMAND IN NORTH AMERICA AND EUROPE WILL LAG BOTH IN 2021 AND 2022.NORSK HYDRO CEO SAYS IT'S FAIR TO ASSUME THAT BAUXITE AND ALUMINA SEGMENT UNDERLYING PROFIT WILL BE LOWER IN Q3 DUE TO RISING RAW MATERIAL COSTS VERSUS Q2.