Acerinox achieves second-best results ever in Q3 on favorable market conditions, cost control

November 06, 2021 / www.metalbulletin.com / Article Link

A summary of Spanish stainless steelmaker Acerinox's financial results for the third quarter of 2021, ending on September 30.

In brief?EUR? Earnings before interest, taxes, depreciation and amortization (Ebitda) increased for the fifth consecutive quarter - its third-quarter results were the best since the second quarter of 2007, Acerinox said.?EUR? It attributed its strong performance in the third quarter to favorable market conditions, cost control measures and efficiency improvements.?EUR? Increased stainless steel consumption reflected low inventories throughout the supply chain,...

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