Aluminium producer Norsk Hydro lags profit forecast in 4th quarter

Norsk Hydro's Q4 Performance: Norsk Hydro reported adjusted earnings of 7.70 billion Norwegian crowns for Q4 2024, which was below analysts' expectations of 8.28 billion crowns, primarily due to higher costs and weak downstream demand despite strong alumina and aluminium prices.

Impact of U.S. Tariffs: The 25% tariffs on steel and aluminium imposed by the U.S. are increasing domestic prices and creating cost challenges for aluminium producers like Hydro, although their Extrusions business remains largely unaffected as it relies on domestic raw materials.