Romania-based integrated aluminium producer Alro Group recorded a net loss of RON68mn ($15.34mn) in 2019 due to excess output, domestic and international trade conflicts and overall economic slowdown. The company reported a profit of RON235mn ($52.5mn) in 2018.
Despite challenging market conditions, Alro’s primary aluminium sales in Q42019 rose by 6pc from the prior period. In 2019, the company achieved higher sales as compared to 2018 by selling 1,000mt of processed products and 920mt of wire rods. Production of flat-rolled products rose by 3.6pc. Plates production increased by 5pc to 2,200mt and coils increased by 13pc to 1,970mt as compared to the production levels in 2018.
The global aluminium demand was impacted in 2019 amid 15pc drop in LME aluminium prices, US-China trade conflict and Brexit negotiations.