A summary of Swiss long stainless steelmaker Swiss Steel Group's - formerly Schmolz + Bickenbach - financial results for the second quarter (April-June) of 2021.
In brief Sales for the second quarter of 2021 rose by 72.1% year on year due to good demand from the automotive industry as well as from the mechanical and plant engineering industry.Higher stainless steel prices - primarily derived from higher alloy surcharges - also boosted the company's earnings.Fastmarkets' average calculation of the monthly steel bright bar grade 304 alloy surcharge domestic,...