Chilean long steel producer, CAP Acero, which is part of holding company CAP SA, went from a net loss of $14 million in Q3 2020 to post a net profit of $4 million in Q3 this year, the company said.
Net revenues in Q3 this year rose 59 percent, year-over-year, to $192 million. Likewise, EBITDA rose to $14 million in Q3 2021, from an EBITDA loss of $2 million in Q3 2020.
Steel sales volumes in Q3 this year rose 4 percent, year-over-year, to 189,000 mt. The company said steel selling prices in Q3 grew 73 percent, year-over-year, to $971/mt, from $562/mt in Q3 2020.