Date: 5 months ago   Category: Industry

RUSAL can begin reduction in production of aluminum in September — Rambler News Service


The RUSAL company can begin reduction of release of aluminum production in September, 2018, has reported the Bloomberg agency with reference to sources. Reduction in production will begin, in particular, at the enterprises of RUSAL in Siberia. The official decision isn't made now yet. "Reduction of production of aluminum by RUSAL can provoke new crisis in branch as the company takes the important place in the global system of deliveries", - has reported the agency. The official representative RUSAL didn't begin to comment on RNS plans for reduction in production. Before RNS reported that RUSAL can preserve some more capacities of the plants after the Nadvoitsky aluminum plant in Karelia. "If sanctions aren't removed in the nearest future, then contracts will end and since October 1 all production of the company intended for foreign consumers will go to a warehouse again while there still there is a part of aluminum, unrealized in April" — RNS reported the source close to the company. According to him, "in such situation RUSAL will be forced to preserve not only become not demanded because of sanctions production of the Nadvoitsky aluminum plant which is turning out products only for the USA but also capacities of those plants which make other foreign markets products". The Ministry of Industry and Trade at the beginning of September has suggested to forbid purchases of goods with use of import aluminum for the state and municipal needs. Earlier it was reported that on April 6 the Ministry of Finance of the USA has imposed sanctions against 38 Russian natural and legal entities, including against assets of the Russian businessman Oleg Deripaska — En Group, GAZ Group, Basic Element, RUSAL.

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