AT A GLANCE: Acerinox reports profit despite adverse conditions

A summary of Spain-based stainless steel producer Acerinox's financial results for the second quarter and first half of 2020.

In brief 

Acerinox was able to mitigate the impact of the pandemic via cost reduction and integration of acquired VDM.  The company reported a profit despite a fall in prices and a Covid-19 related decrease in activity.  The company cited strong performance in the United States.  Acerinox applied cost cutting measures to its stainless steel division.  ...

Published

Carrie Bone

July 30, 2020

15:29 GMT

London