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Acerinox's crude stainless steel & net profit drop in Q1 y-o-y

17 Jul 2020 16:15 reported by Juantxo Huang

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Acerinox, one of the leading producers of stainless steel in Spain and the world, reported its crude stainless steel during the first quarter of 2020 was down by 5% year on year to around 599,900 tons.

The output of hot-rolled stainless steel products also declined by 3% year on year to around 520,000 tons, that of cold-rolled stainless steel products slid by 7% year on year to around 390,000 tons, and that of hot-rolled stainless steel long products also reduced by 14% year on year to around 57,000 tons.

Besides, Acerinox's net profit attribute to shareholders had a year-on-year reduction of 14% during the period, reaching around EUR 28 million.

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