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

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

In brief • 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. • It attributed its strong performance in the third quarter to favorable market conditions, cost control measures and efficiency improvements. • Increased stainless steel consumption reflected low inventories throughout the supply chain,...

Published

Elina Virchenko

November 05, 2021

16:59 GMT

Dubai