AT A GLANCE: Swiss Steel reports higher Q2 earnings on strong sales, prices amid post-Covid recovery

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,...

Published

Ross Yeo

August 12, 2021

16:42 GMT

London