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voda 16 juni 2023 08:38

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UK Revokes Countervailing Measure on Indian Stainless Steel Import

The Trade Remedies Authority (TRA) has announced that the UK Government has agreed to revoke the countervailing measure on imports of stainless steel bars and rods from India. Countervailing measures are implemented to counteract unfair pricing resulting from government subsidies in the country of origin. The TRA conducted an investigation and determined that the UK industry would not be significantly impacted if the measure was removed.

UK Steel, the trade association representing the UK steel industry, stated that the risk of injury to domestic producers resulting from the removal of the measure is very low. The UK market has minimal supply of stainless steel bars and rods from domestic producers. Therefore, the TRA concluded that revoking the measure would not harm UK producers but would allow for competitively-priced imports from India to continue.

India has been the third-largest source of stainless steel bars and rods for the UK in terms of tonnage in 2022. Previously, importers had to pay a tariff of 0%-4% due to the countervailing measure. However, the TRA's investigation revealed that market conditions, historical injury data, and international competition did not indicate potential harm to UK producers if the measure was lifted.

Stainless steel bars and rods are widely used across various industries, including automotive, aerospace, and food processing. They serve as essential components in larger products or are further processed into precision components. By allowing competitive imports from India to continue, revoking the countervailing measure supports the availability of these materials in the UK market.

voda 19 juni 2023 09:03

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Commerce Ministry Recommends Continuation of CVD on Stainless Steel

In a recent development, India’s commerce ministry has put forth a recommendation to extend the countervailing duty on specific flat-rolled steel products imported from China for a duration of five years, as per media reports. The proposal follows an investigation conducted by the Directorate General of Trade Remedies, which highlighted the need to address the issue of undercutting domestic steel prices. The ministry's suggestion aims to safeguard the interests of the domestic steel industry by countering potential subsidization from Chinese producers.

Vivek Johri, chairman of the Central Board of Indirect Taxes and Customs, confirmed that the finance ministry is currently examining the recommendation and has not yet reached a final decision. This step is crucial in assessing the potential impact of the countervailing duty on steel imports from China. The commerce ministry's suggestion comes as a response to an application jointly filed by Jindal Stainless Ltd and Jindal Stainless (Hisar) Ltd, who sought the continuation of the duty.

The DGTR's investigation findings support the need for the countervailing duty extension, as they reveal that Chinese imports have been undercutting domestic steel prices. Furthermore, there is a significant possibility of continued subsidization by Chinese producers, considering their surplus capacities. The continuation of the CVD would act as a measure to mitigate these challenges and level the playing field for the domestic steel industry.

voda 12 juli 2023 08:22

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Global Stainless Steel Output Witnesses 5% Decline in Q1

In the first quarter of this year, the global production of stainless crude steel experienced a slight decline of 0.3% compared to the previous quarter, amounting to 13.66 million metric tons, as reported by the International Stainless Steel Forum. Moreover, it recorded a more significant decrease of five percent compared to the same quarter in the previous year.

Analyzing the ISSF data, it is observed that stainless crude steel production in China witnessed a growth of 4.1% in the first quarter of this year. However, in the Asia region excluding China and South Korea, it declined by 16.6%. Similarly, stainless crude steel production in the United States decreased by 16.0%, while in Europe, it witnessed a decline of 12.0%, all in comparison to the first quarter of 2022.

• Europe: 1.637 million metric tons (8.9% QoQ increase)
• US: 0.478 million metric tons (11.5% increase)
• China: 8.273 million metric tons (-2.9% decrease)
• Asia (excluding China and South Korea): 1.631 million metric tons (-8% decrease)
• Others: 1.646 million metric tons (11% increase)
• Total: 13.665 million metric tons (-0.3% decrease)

The decline in global stainless steel output during the first quarter reflects the varying trends across different regions, with China showing growth while other major regions experiencing decreases. These figures shed light on the dynamics of the stainless steel industry and provide insights into the global market landscape.

Bron Steelguru (via email)

voda 16 juli 2024 08:43

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Global Stainless Steel Production Surges Amid Regional Variations

Synopsis: The global stainless steel industry witnessed a significant 5.5% year-on-year increase in production during the first quarter of 2024, totaling 14.58 million metric tons. This growth was driven by robust performances across several key regions, despite a decline in production in Europe. The data, sourced from the World Stainless Association, highlights the evolving dynamics within the stainless steel market.
Updated on :
Tuesday, July 16, 2024

In the first quarter of 2024, global stainless steel production expanded to 14.58 million metric tons, marking a 5.5% increase compared to the same period last year. However, production saw a slight dip of 1.3% when compared to the previous quarter's figures. This growth trajectory underscores the sector's resilience and adaptability amid varying global economic conditions and market demands.

Europe, encompassing Ukraine, reported a 4.8% decrease in stainless steel production year-on-year for Q1 2024, amounting to 1.56 million metric tons. Despite this decline, production increased by 3.7% from the previous quarter, reflecting efforts to stabilize output amidst regional challenges and market fluctuations.

Voor meer, zie link:

www.oreaco.com/steel/global-stainless...

Arthur S 16 juli 2024 10:09

0

Gezien de recente update van het bedrijf en het huidige koersniveau vind ik het aandeel nu zeer koopwaardig. Persoonlijk verwacht ik dat de daling beprekt blijft tot ergens in de 24, waarna een upside tot 30+ gaat volgen. Dus meer dan 25% winst op redelijk korte termijn, dividend niet meegerekend.

voda 31 juli 2024 13:19

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Stainless Steel's Resilient Rise: India's Consumption Saga Unfolds

Synopsis: India's stainless steel consumption shows a 4.36% CAGR over five years, as reported by the Joint Plant Committee. The steel sector remains deregulated, with production decisions made by individual manufacturers.
Updated on :
Wednesday, July 31, 2024

The stainless steel industry in India has been on a rollercoaster ride over the past five years, demonstrating remarkable resilience and growth despite facing significant challenges. According to data released by the Joint Plant Committee, the consumption of total finished stainless steel in India has shown a Compound Annual Growth Rate of 4.36% during this period, highlighting the sector's ability to bounce back from setbacks and capitalize on market opportunities.

The journey of stainless steel consumption in India began with a robust figure of 3.03 million metric tons in the financial year 2018-19. However, the industry faced a significant downturn in the following two years. The consumption dropped to 2.71 million metric tons in 2019-20, marking a steep decline of 10.56%. The situation worsened in 2020-21, with consumption further plummeting to 2.39 million metric tons, representing an additional decrease of 11.81%. This sharp decline can be attributed to various factors, including global economic uncertainties and the unprecedented impact of the COVID-19 pandemic on industrial activities and supply chains.

Voor meer, zie link:

www.oreaco.com/steel/stainless-steels...

voda 31 juli 2024 13:22

1

Q2 2024: Acerinox's Resilient Performance Amidst Industry Headwinds

Synopsis: Acerinox improves Q2 EBITDA by 13% despite challenges, with North American Stainless and VDM Metals showing strength. The company plans to acquire Haynes International and has resolved a strike at Acerinox Europa.
Updated on :

In a display of resilience amidst challenging market conditions, Acerinox, a global leader in stainless steel and high-performance alloys, has reported a 13% improvement in its second-quarter EBITDA compared to the first quarter of 2024. This positive performance comes despite ongoing challenges in the stainless steel sector and a prolonged strike at its Acerinox Europa facility.

The company's EBITDA for the second quarter reached €125 million, up from €111 million in Q1. This increase was primarily driven by the strong performance of its North American subsidiary, North American Stainless (NAS), and the robust results from its high-performance alloys division, VDM Metals. The sales margin also saw a significant improvement, rising to 10% from 7% in the previous quarter.

Voor meer, zie link:

www.oreaco.com/steel/q2-2024-acerinox...

voda 2 augustus 2024 11:03

1

Jindal Stainless Forges Ahead: Robust Growth Amidst Global Steel Turbulence

Synopsis: Jindal Stainless Limited reports strong Q1FY25 performance with increased sales volume, revenue, and profitability. The company expands capacity and focuses on sustainability initiatives.
Updated on :
Thursday, August 1, 2024

Jindal Stainless Limited, India's leading stainless steel manufacturer, has demonstrated resilience and growth in the first quarter of the fiscal year 2025. The company's board of directors announced impressive financial results for the quarter ended June 30, 2024, showcasing a robust performance despite global market challenges.

JSL reported a standalone sales volume of 578,143 metric tons, marking a 1.4% increase compared to the previous quarter. The company's net revenue reached ?9,585 crore, up by 0.7% quarter-on-quarter. Notably, both standalone EBITDA and Profit After Tax saw significant growth, each increasing by 21.4% to ?1,004 crore and INR 578 crore, respectively. These figures underscore JSL's ability to maintain profitability and operational efficiency in a competitive market environment.

Voor meer, zie link:

www.oreaco.com/steel/jindal-stainless...

voda 13 augustus 2024 08:07

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Nickel Prices Dive: Weak Stainless Steel Demand Signals Market Challenges
Synopsis: Nickel prices have sharply declined due to weak demand for stainless steel, affecting companies like Ryerson and Middleby.
Tuesday, August 13, 2024

In July 2024, nickel prices experienced a significant drop, erasing the gains made in the previous quarter. This decline has been closely linked to the weakened demand for stainless steel, indicating a challenging market environment for producers and distributors alike.

Despite a slight increase in sales during the second quarter, Outokumpu, a key player in the stainless steel market, acknowledged a "softer market environment." The company forecasted stable deliveries for the third quarter, but the overall sentiment surrounding stainless steel remains cautious. The prices saw a notable drop of 4.47% from July to August, signaling ongoing challenges within the sector.

Voor meer, zie link:

www.oreaco.com/steel/nickel-prices-di...

Daniël 14 augustus 2024 17:36

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De Chinese staalindustrie stevent af op een nieuwe crisis, met wereldwijde gevolgen

De voorzitter van China Baowu Steel Group, de grootste staalproducent ter wereld, heeft woensdag gewaarschuwd dat de Chinese staalindustrie er slechter aan toe is dan tijdens de crises van 2008 en 2015.

China heeft een enorme staalsector, maar kampt door de vastgoedcrisis in China met een lagere vraag naar staal, met dalende prijzen tot gevolg. De Chinese overcapaciteit leidt wereldwijd tot problemen. Hu Wangming, de voorzitter van staatsbedrijf Baowu Steel, zei op een bedrijfsbijeenkomst dat de Chinese staalindustrie zich in een ‘strenge winter’ bevindt, die ‘langer, kouder en zwaarder zal zijn dan verwacht’.

De Chinese staalprijzen namen in 2022 een diepe duik en blijven sindsdien dalen. Volgens het Chinese financiële medium Jiemian is de situatie zo ernstig dat er van de elf Chinese beursgenoteerde staalbedrijven in de eerste helft van dit jaar slechts één winstgevend was.

China heeft de voorbije decennia een enorme staalcapaciteit opgebouwd, van meer dan 1 miljard ton per jaar. Dat is 55 procent van de wereldcapaciteit. Maar de vraag naar staal in China is sterk afgenomen door de aanhoudende vastgoedcrisis en de beperkte overheidsinvesteringen in infrastructuur. De Chinese Communistische Partij streeft naar een transformatie van de Chinese economie, en stimuleert de ontwikkeling van hoogwaardige industrieën, zoals groene energie en elektrische auto’s. Die hebben ook staal nodig, maar veel minder dan de bouwsector.

‘Agressieve export’
De problemen in de Chinese staalindustrie hebben ook effect op de rest van de wereld. Chinese staalfabrieken proberen hun overtollige productie in het buitenland kwijt te raken, waardoor ook daar de prijzen dalen. De staalprijzen in Europa zijn nu lager dan de productiekosten. De export van Chinees staal steeg in de eerste helft van 2024 met 24 procent, naar 53 miljoen ton. Experts verwachten dat de Chinese export dit jaar het vorige record van 2015 zou kunnen inhalen.

De in Luxemburg gevestigde staalproducent ArcelorMittal, de grootste buiten China, verlaagde begin deze maand zijn winstverwachting, mede als gevolg van de ‘agressieve export’ uit China. Het Duitse Thyssenkrupp, met negen staalfabrieken in Europa, liet woensdag weten dit kwartaal verlies te verwachten. De Nederlandse tak van Tata Steel leed vorig jaar 556 miljoen euro verlies door de gedaalde vraag uit China, maar ook door vertraagde bouwprojecten. In het eerste kwartaal van dit jaar maakte het bedrijf winst.

Meerdere landen – waaronder Vietnam, Chili, Mexico – zijn anti-dumpingonderzoeken tegen China gestart of hebben beschermingsmaatregelen genomen. De Europese Unie hanteert importquota’s voor Chinees staal, en een heffing van 25 procent voor staal dat boven die quota uitkomt. Maar die maatregelen kunnen volgens experts makkelijk omzeild worden, onder meer door via derde landen in te voeren. Europese staalfabrikanten hebben om strengere regels gevraagd.

De maatregelen zijn noodzakelijk, maar niet voldoende’, aldus Bernardo Valzquez, directeur van de Spaanse staalproducent Acerinox, eerder dit jaar bij persbureau Reuters. ‘De Europese Unie moet meer heffingen opleggen, in navolging van het Amerikaanse model, zodat de Aziatische markten dezelfde spelregels hebben.’ De Verenigde Staten hanteren een heffing van 25 procent voor al het Chinese staal, ook als dat via Mexico binnenkomt.

‘Zwaard boven de staalindustrie’
China kwam in 2015 en 2016 ook in botsing met de rest van de wereld over de staalexport aan dumpingprijzen. Dat leidde toen tot de oprichting van een internationaal overlegorgaan voor de aanpak van overcapaciteit, en een Chinees overheidsplan om in drie jaar tijd 150 miljoen ton aan productiecapaciteit te schrappen. Maar zodra dat doel was bereikt, stapte Beijing uit het overlegorgaan en nam de staalproductie weer toe.

Grote Chinese staalproducenten vragen zelf om productiebeperkingen, om de prijsdalingen een halt toe te roepen. ‘Het probleem van overcapaciteit is als een zwaard dat boven de staalindustrie hangt’, aldus Tang Zujun, vicepresident van de China Iron and Steel Association, eind 2023. ‘Als het probleem van overcapaciteit niet op de juiste manier wordt opgelost, zal het de concurrentiekracht en duurzame ontwikkeling van de industrie ernstig beïnvloeden

Chinese provincies kondigden eerder dit jaar productiebeperkingen aan, maar die halen voorlopig weinig uit. De staalproductie in China daalde in de eerste helft van dit jaar met 1,1 procent, maar de vraag daalde nog sneller (3,3 procent). Lokale overheden zijn terughoudend om staalfabrieken streng te reguleren, omdat die werkgelegenheid bieden in moeilijke economische tijden. Kleine staalfabrieken herstarten hun stopgezette productie zodra de controles zijn geweken.

www.volkskrant.nl/economie/de-chinese...

voda 15 augustus 2024 09:25

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Primetals Technologies & Yantai Walsin: Revolutionizing Stainless Steel Production in China

Synopsis: Primetals Technologies has received the final acceptance certificate from Yantai Walsin Stainless Steel for a new stainless steel combination mill. This facility will produce 420,000 metric tons annually, meeting the rising demand for high-quality stainless steel products in China.
Thursday, August 15, 2024

Primetals Technologies has recently achieved a significant milestone by receiving the final acceptance certificate from Yantai Walsin Stainless Steel for a newly installed stainless steel combination mill. This advanced facility is designed to produce an impressive 420,000 metric tons per year of stainless steel and nickel alloy products. The establishment of this mill comes in response to the growing local market demand for high-quality stainless steel products in China, which is becoming increasingly important as industries seek tighter tolerances and superior surface quality.

Voor meer, zie link:

www.oreaco.com/steel/primetals-techno...

voda 15 augustus 2024 09:26

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Jindal Stainless & New Yaking: Transforming Nickel Supply for Stainless Steel Production

Synopsis: Jindal Stainless has launched its Nickel Pig Iron smelter in Indonesia ahead of schedule through a joint venture with New Yaking, securing nickel for stainless steel manufacturing.
Thursday, August 15, 2024

In a significant development for the stainless steel industry, Jindal Stainless, India’s largest stainless steel manufacturer, has successfully commissioned its Nickel Pig Iron smelter facility in Halmahera Islands, Indonesia. Remarkably, this achievement comes eight months ahead of the planned timeline. This smelter is part of a joint venture with New Yaking, which aims to ensure a stable and long-term supply of nickel, a crucial raw material for stainless steel production. The partnership was solidified in March 2023 when Jindal Stainless acquired a 49% equity interest in New Yaking for approximately $157 million.

Voor meer, zie link:

www.oreaco.com/steel/jindal-stainless...

voda 13 september 2024 07:35

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US Unveils Final Tariffs on Indian Stainless Steel Bar: Dumping Margins Determined

Synopsis: The US Department of Commerce has issued final results for its 2022-2023 antidumping duty review on stainless steel bar imports from India. The review examined sales by Laxcon Steels Limited and Aamor Inox Limited, determining dumping margins and setting rates for other producers.
Thursday, September 12, 2024

The U.S. Department of Commerce has concluded its administrative review of antidumping duties on stainless steel bar imports from India, covering the period from February 1, 2022 to January 31, 2023. This review, mandated by the Tariff Act of 1930, aims to ensure fair trade practices by determining if foreign producers are selling goods in the U.S. market at prices below normal value, a practice known as dumping.

The review focused primarily on two Indian producers/exporters: Laxcon Steels and Aamor Inox. After a thorough examination of sales data and consideration of comments from interested parties, Commerce has issued its final determinations. Laxcon Steels and its affiliates were found to have a weighted-average dumping margin of 0.70%, indicating that their products were sold at prices slightly below normal value in the U.S. market. In contrast, Aamor Inox Limited received a de minimis rate of 0.40%, effectively meaning they were not found to be dumping.

Voor meer, zie link:

www.oreaco.com/steel/us-unveils-final...

voda 14 september 2024 11:16

0

Cogne's Audacious Gambit: Forging Steel Empire through Strategic Acquisitions

Synopsis: Cogne Acciai Speciali, an Italian stainless long steel producer, has approved a €45 million capital increase to support its acquisition of Mannesmann Stainless Tubes from Salzgitter. This move is part of Cogne's expansion strategy, which includes recent acquisitions of ComSteel Inox and part of Outokumpu's long products business.
Saturday, September 14, 2024

In a bold move that signals its ambitious growth plans, Cogne Acciai Speciali, a prominent Italian stainless long steel producer, has greenlit a substantial capital increase of €45 million. This strategic financial decision is primarily aimed at facilitating the acquisition of Mannesmann Stainless Tubes from Salzgitter, a move that is set to significantly enhance Cogne's market position in the special steel industry.

The capital increase represents a pivotal moment for Cogne, as it seeks to strengthen its foothold in the global market and expand its portfolio. This financial maneuver is not just about acquiring assets; it's a clear statement of Cogne's intent to become a major player in the special steel sector. The company's management views this as a crucial step in meeting the growing demand from key industries such as aerospace, nuclear, medical, and energy sectors.

Voor meer, zie link:

www.oreaco.com/steel/cognes-audacious...

voda 24 september 2024 06:40

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Arvedi's Steel Saga: Unexpected Furnace Shutdown Sparks Industry Intrigue
Synopsis: Italian stainless steel producer Arvedi Acciai Speciali Terni unexpectedly halted operations of one electric arc furnace at its Terni plant due to technical issues.
Tuesday, September 24, 2024

According to reports in Italian media, Italian stainless steel giant Arvedi Acciai Speciali Terni has been forced to shut down one of its two electric arc furnaces at its Terni plant ahead of schedule. This sudden development has sent ripples through the European steel industry, highlighting the challenges faced by manufacturers in maintaining operational efficiency and competitiveness in a volatile market.

The unplanned stoppage, which occurred late last week, was attributed to a technical malfunction in the walking beam system of the furnace. This critical component plays a vital role in the movement and processing of steel within the furnace, and its failure has led to a complete halt in operations for one of the plant's primary production units. The company has swiftly initiated inspections to identify the root cause of the problem and is working diligently to resume operations as quickly as possible.

Voor meer, zie link:

www.oreaco.com/steel/arvedis-steel-sa...

voda 24 september 2024 06:41

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Stainless Steel Titan Ratan Jindal Clinches Prestigious Executive Award in Rome

Synopsis: Jindal Stainless Chairman Ratan Jindal receives Stainless Steel Executive of the Year 2024 Award from Steel and Metals Market Research in Rome, Italy, recognizing his leadership and industry contributions.
Tuesday, September 24, 2024

In a significant recognition of leadership excellence in the global stainless steel industry, Ratan Jindal, Chairman of Jindal Stainless, has been awarded the prestigious Stainless Steel Executive of the Year 2024 Award. The accolade was presented by Steel and Metals Market Research, an international independent market research organization, during the International Stainless & Special Steel Conference 2024 held in Rome, Italy.

The award ceremony, which took place as part of a three-day conference, highlighted Mr. Jindal's exceptional leadership, strategic vision, and unwavering commitment to driving Jindal Stainless' success on the global stage. This recognition underscores the significant impact Mr. Jindal has had on the stainless steel industry, not just in India but worldwide.

Voor meer, zie link:

www.oreaco.com/steel/stainless-steel-...

voda 17 oktober 2024 09:09

0

Revolutionizing Steel: Breakthrough in 3D Printing of 17-4 PH Stainless Steel

Synopsis: Researchers have developed a method for producing 17-4 PH stainless steel through 3D printing, overcoming significant challenges in the process.
Thursday, October 17, 2024

Recent advancements in additive manufacturing, commonly known as 3D printing, have enabled researchers to consistently produce 17-4 PH stainless steel, a material renowned for its strength and corrosion resistance. Traditionally, printing with steel and other alloys has posed considerable challenges due to the rapid temperature fluctuations that occur during the laser heating process in 3D printers. These thermal changes can disrupt the atomic arrangement of the metal, making it difficult to achieve the desired toughness.

To tackle this issue, scientists utilized bright X-ray beams to monitor the quick changes in temperature and material structure in real time. By observing these transformations, researchers could adjust the chemical composition of the steel during the printing process, resulting in a more durable final product. This innovative approach not only enhances the properties of 17-4 PH stainless steel but also opens new avenues for its production.

Voor meer, zie link:

www.oreaco.com/steel/revolutionizing-...

voda 24 oktober 2024 08:15

0

Global Stainless Steel Surge: A 2024 Mid-Year Production Renaissance

Synopsis: In the first half of 2024, global stainless steel production rose by 6.3%, with significant contributions from regions like China, the United States, and Europe, according to the World Stainless Association.
Thursday, October 24, 2024

In the first half of 2024, the global stainless steel industry experienced a notable upswing, with production increasing by 6.3% compared to the same period in 2023, reaching a total of 30.37 million metric tons. This growth, reported by the World Stainless Association, reflects a rebound in demand and production capabilities across various regions worldwide.

Europe, including Ukraine, saw a modest increase in stainless steel production of 0.3%, bringing its total to 3.14 million metric tons in the first six months of the year. This slight growth indicates a stabilization in the European market, which had faced challenges in previous years. Meanwhile, the United States demonstrated a more robust recovery, with production rising by 9% year-on-year to 1.03 million metric tons, signaling strong domestic demand and improved manufacturing conditions.

Voor meer, zie link:

www.oreaco.com/steel/global-stainless...

Bijlage:

voda 29 oktober 2024 07:06

1

NIPPON KINZOKU Revolutionizes Automotive Aesthetics with Innovative Stainless Steel Solutions

Synopsis: NIPPON KINZOKU introduces advanced stainless steel grades and finishes for automotive exterior moldings, targeting Japanese, European, and American manufacturers with eco-friendly solutions.

Tuesday, October 29, 2024

In a groundbreaking development for the automotive industry, NIPPON KINZOKU has unveiled an extensive range of sophisticated stainless steel solutions designed specifically for vehicle exterior moldings. The Tokyo-based company has leveraged its advanced rolling technology to create materials that combine aesthetic appeal with practical functionality, establishing itself as a global market leader in this specialized sector.

The company's innovative product line features several distinctive finishes, with the flagship Fine Black® (FB) technology leading the portfolio. This revolutionary finish creates an extremely thin transparent oxide film on stainless steel surfaces, producing a unique metallic appearance with deep black coloration through sophisticated light interference and absorption phenomena. The surface undergoes additional treatment with a specialized hard film, ensuring superior corrosion and wear resistance, making it ideal for demanding automotive applications.

Voor meer, zie link:

www.oreaco.com/steel/nippon-kinzoku-r...

voda 30 oktober 2024 09:56

0

Acerinox Demonstrates Market Resilience Despite European Strike and Global Challenges

Synopsis: Acerinox, a major stainless steel producer, reports Q3 2024 EBITDA of €114 million, while selling Bahru Stainless for $95 million and awaiting approval for Haynes International acquisition.
Wednesday, October 30, 2024

Acerinox has demonstrated remarkable resilience in the third quarter of 2024, posting an EBITDA of €114 million despite challenging market conditions and operational disruptions. The company achieved a profit of €48 million after tax and non-controlling interests, contributing to a total of €162 million for the first nine months of the year.

The company's performance reflects significant operational adaptability, particularly evident in its melting shop production, which increased by 21% compared to the second quarter, reaching 491 thousand metric tons. This improvement came following the resolution of a five-month strike at Acerinox Europa, where operations resumed after successfully negotiating a new collective bargaining agreement.

Voor meer, zie link:

www.oreaco.com/steel/acerinox-demonst...

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