Steel News

We strive to let you one step ahead of the market.

Hydro invests to build new wire rod cast house at Karmøy aluminum smelter

24 Mar 2025 13:50 reported by Joy Liu

A A A
Norwegian aluminum producer Norsk Hydro is investing NOK 1.65 billion in the construction of a new wire rod cast house at its aluminum smelter in Karmøy, with a planned annual capacity of 110,000 tons.

The construction is scheduled for the first quarter of 2028, and the production of aluminum wire for power cables in Europe will start in the same year.

This investment, included in Hydro’s annual investment plans of around NOK 15 billion, is the company’s largest investment in Norway in ten years.

With the investment, the capacity of wire rods will be increased to meet customers’ low-carbon solutions demand for the development and expansion of Europe's most critical infrastructure, said Eivind Kallevik, President and CEO of Hydro.

Back to Steel News

Related News

Rio Tinto and AMG M&M partner for low-carbon aluminum project in India

  • Aluminum
  • 21 Apr 2025 15:09

China’s unwrought aluminum and aluminum product exports see m-o-m growth in Mar

  • Aluminum
  • 21 Apr 2025 13:37

China's aluminum sector aims for global expansion despite tariff issue

  • Aluminum
  • 21 Apr 2025 13:35

Alcoa foresees $90 million cost due to US tariffs on Canadian aluminum

  • Aluminum
  • 18 Apr 2025 15:51

WBMS: Global primary aluminum market has surplus of 23,300 tons in Feb

  • Aluminum
  • 18 Apr 2025 14:14

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,520.00
  • 2,561.00
  • Aluminum
  • 2,327.00
  • 2,366.00
  • Copper
  • 9,103.00
  • 9,132.00
  • Nickel
  • 15,400.00
  • 15,610.00

Learn more

Coil Exchange Center

Learn more