27
Jul
09:41
Acerinox posts record first-half result on higher prices
Acerinox, the Spanish-headquartered stainless steel supplier, posted its best first-half financial results for the last decade, supported mainly by higher prices in its markets, Kallanish understands from the company.
The group’s turnover increased 28% y-o-y to €2.4 billion ($2.8 billion), on the back of a recovery in prices by 29% in Europe, 37% in the US and 25% in Asia. Net profit reached €151 million, well above the figures of &euro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous