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17 AUGUST 2020 AL CIRCLE

Japanese aluminium metal producers exhibit rise-in demand from the auto industry following Q1 drop

EDITED BY : RUPANKAR MAJUMDER 1MINS READ

Japanese manufacturers of aluminium metals saw their output drop in the April-June quarter as automakers temporarily close-down plants to control the spread of the COVID-19 virus and to match slide in demand.

Japanese aluminium Industry senses pick up in auto industry after Q1 drop

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The industry is expecting a gradual pick-up in metals used in automobiles and other industries toward March’21, but not enough to bring demand back to pre-pandemic levels, suggesting a smaller annual import of raw materials such as primary aluminium ingots.

Japan Aluminium Association said: “The nation’s production of aluminium rolled products slid 15% in the quarter.”

Japanese Aluminium downstream industry sees the rise in demand post Q1 dip

The auto segment accounts 15-18% of the supplies of rolled aluminium products. The recovery in car production has been a vital factor for the suppliers’ recuperation from devastated earnings.

Report on Global Aluminium Industry - Key Trends to 2030

UACJ Corp Japan’s biggest producer of aluminium rolled products also forecast a recovery in demand from automakers after June but cited “uncertainty” over the outlook.


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EDITED BY : RUPANKAR MAJUMDER 1MINS READ

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