You are here: Home > Steel News > Latest Steel News > Acerinox...

Acerinox sees improved net profit in January-March

Friday, 24 April 2015 17:18:58 (GMT+3)   |   Istanbul
       
Spanish stainless steel producer Acerinox S.A. has reported a net profit of €31 million for the first quarter this year, increasing 24 percent compared to the corresponding quarter of 2014, while its net sales came to €1.14 billion, rising 12 percent year on year, indicating a nine percent growth in sales volume for the given period.
 
According to Acerinox, the stainless steel market continues digesting the inventory excesses of distributors, which, coupled with the fall in the price of nickel, have slowed apparent consumption. The company estimates a six percent decrease in apparent stainless steel consumption in Europe for the first quarter, compared to a sharp increase in the same quarter of 2014.
 
In the first quarter, the company's hot rolled product output came to 524,300 mt, down 3.3 percent year on year, while its cold rolled product production totaled 395,100 mt, rising 2.7 percent compared to the first quarter of the previous year.

Similar articles

Flat steel prices in local Taiwanese market - week 47, 2024

21 Nov | Flats and Slab

Local Chinese stainless steel prices decrease slightly

20 Nov | Flats and Slab

Ex-China stainless steel prices move sideways

19 Nov | Flats and Slab

China’s Ningde city targets output value of $36 billion for stainless steel new materials industry by 2025

19 Nov | Steel News

Flat steel prices in local Taiwanese market - week 46, 2024

14 Nov | Flats and Slab

Local Chinese stainless steel prices mainly decrease

13 Nov | Flats and Slab

Russia’s stainless steel imports down 3.8 percent in H1

13 Nov | Steel News

Ex-China stainless steel prices move down

12 Nov | Flats and Slab

Malaysia launches AD review on CR stainless from six countries

08 Nov | Steel News

Local Chinese stainless steel prices decrease slightly

07 Nov | Flats and Slab