ACERINOX,S.A.’s Post

𝗔𝗰𝗲𝗿𝗶𝗻𝗼𝘅 𝗲𝘅𝗽𝗲𝗰𝘁𝘀 𝗮 𝗿𝗲𝗰𝗼𝘃𝗲𝗿𝘆 𝗶𝗻 𝗱𝗲𝗺𝗮𝗻𝗱 𝗴𝗼𝗶𝗻𝗴 𝗳𝗼𝗿𝘄𝗮𝗿𝗱 Anticipating a turnaround in steel demand, Acerinox, a prominent Spanish stainless steel manufacturer, foresees a rebound in the upcoming months. Despite witnessing a staggering 58% decline in net profit to €228 million in 2023, following unprecedented highs in 2021 and 2022 spurred by robust demand during the Covid-19 pandemic, Acerinox remains optimistic. Bernardo Velázquez, the CEO of Acerinox, projects a resurgence in the US market by the second quarter of this year, with the European market likely to follow suit not until the third quarter. However, the European Steel Association (#Eurofer) cautioned earlier this month that the anticipated recovery in the steel market for 2024 might be slower than expected. This caution stems from persistently weak industrial production attributed to the somber economic outlook. https://lnkd.in/ddQ24Vns

Acerinox achieves good results in a year of a strong correction ➡ Apparent consumption in the North American and European markets fell by around 20%, an unprecedented volume. ➡EBITDA, 703 million euros, was the fourth best in our history, consolidating a new profitability threshold, with a margin on sales of 11%. Operating cash flow stood at 481 million euros compared to 544 in 2022. ➡Net financial debt was 341 million euros, reducing by 99 million euros compared to December 31, 2022 ➡The turnover amounted to 6,608 million euros.   ➡The result after taxes and minorities was 228 million. More information here

In the face of economic uncertainty, metal formers continue to showcase a resilient optimism. According to PMA's Business Conditions Report, a majority of manufacturers foresee improved business activity in the coming months. Dive into the data and see why the industry is looking up #MetalForming #ManufacturingIndustry #EconomicIndicator

 📣 Third Quarter of 2023 Results 📣 🔷 In the third quarter of 2023, ACERINOX,S.A. earned a profit of 70 million euros after taxes and minority interests, resulting in a profit of 348 million euros for the first nine months of the year... - https://bit.ly/3uvHYh1 🔷Timoteo Di Maulo, CEO of Aperam, commented: 'Q3 results are a clear indicator of the environment we operate in. Europe remains in the grip of an extremely challenging market environment characterized by both historically low prices and volumes...' - https://bit.ly/47u7GRD 🔷Outokumpu Third Quarter Report 'The third quarter of 2023 reflects the cyclical nature of the stainless steel business. We experienced a very challenging market environment in Europe, but thanks to our geopolitically diversified asset portfolio and a solid performance in the Americas, we delivered EUR 51 million of adjusted EBITDA in the third quarter...' President & CEO Outokumpu Heikki Malinen - https://bit.ly/3SWteC1 Rob Cooper Darren Moult Adam Bradley Richard Waugh David Hammond Wendy Giles Benoit Van Hecke David Cass Timothy Childs Kirsty Davies-Chinnock 👑 Roberto Garcia Dosil Matthew Holmshaw LENNIE GENT Liz McArdle #quarterlyresults #quarterlyreport #stainlesssteel #stainless

Growth of Plastic & Metal Hybrid Spacers Market, Revenue, Manufacturers Income, Sales, Market Trend Report Archives in 2023 https://lnkd.in/emtpVS_v #marketanalysis #marketresearch #marketresearchreports #businessintelligence

2023 was a year marked by organic and inorganic growth in Acerinox. ➡ Acerinox announced last February 5 a purchase offer by which North American Stainless, a company of the Acerinox Group in the United States, will acquire Haynes International, an American company leader in the development, manufacture and marketing of technologically advanced high-performance alloys.  The transaction, approved by the Boards of Directors of both companies, is pending the approval of Haynes' shareholders and the American authorities and will be carried out entirely in cash. ➡ The Group invested 67 million euros in VDM and 244 million euros in NAS, betting on increasing production to accompany the growth of the American market and focusing its strategy on high-performance alloys and higher value-added products. More information here

In the News: Metal additive manufacturing market size to grow by USD 7.57 billion from 2022 to 2027: Increased preference for additive manufacturing to boost growth 🌟 Discover the latest in the world of FDI and Business! Check out this insightful piece. 💡🌍 /PRNewswire/ -- The global metal additive manufacturing market size is estimated to increase by USD 7.57 billion from 2022 to 2027. The market's growth... 🔗 [Learn more: https://lnkd.in/gbdamnGm] 🗨️ Join the Discussion! Your opinions are invaluable. #Comment below to share your views, ask questions, or start a conversation. We're excited to engage with each comment and hear what you think! Join as a Partner and Professional: FDI Alliance: www.fdialliance.com Valqus Accounting and Business: www.valqus.com #FDI #Invest #Trade #TradeandInvest #InvestmentPromotion #Markets #Business #Accounting

Fastmarkets is extending the consultation period for launching new European aluminium low-carbon differentials for value-added products (VAPs). Following valuable market feedback, we're proposing some additional changes to better serve the low-carbon market. Our initial proposal aimed to separate low-carbon aluminium billet from other VAPs, but now, we're proposing to introduce three new low-carbon VAP differentials in Europe: 1️⃣ A standalone low-carbon differential for primary foundry alloy with a three-month timing window, published monthly. 2️⃣ A standalone low-carbon differential for billet with a three-month timing window, published monthly 3️⃣ A third low-carbon differential for wire rod and slab with a 12-month timing window, published quarterly. Each of the proposed differentials would come with individual specifications to reflect the different trading mechanisms in the respective markets, allowing Fastmarkets to include a wider range of data points. Your input matters! The extended consultation period started on November 2 and ends on November 16, with the launch subject to market feedback. We're eager to hear your thoughts and insights. Find out more: https://fmrkts.com/40rUVED #FastmarketsMetals #aluminium #pricingnotice #feedback #greenaluminium #Europe

Reflecting on EUROGUSS 2024: Nürnberg Encounter! Our Sales Lead, Aluminum Paul Cloos, and Ines Wutscher Account Manager, Ferrous & Stainless, had the pleasure of engaging with both long-term partners and new prospects at Euroguss 2024 in Nürnberg! 🌍 Discussing Global Metal Procurement Trends: Exploring the pulse of the casting industry, our team shared insights with innovative leaders in purchasing departments. The sentiment? A cautious optimism within the aluminum, and a prudent concern for the steel scrap market, as industry players strategically navigate a period of reduced production capacities amid the low season demand. 🦾Tackling Old Problems with New Solutions: "I observe strategic procurement leaders leveraging the low-demand season to address long-standing challenges, particularly within the enterprise segment. Managing metal procurement across multiple sites and various scrap types requires visibility. What excites me the most is witnessing skepticism transform into genuine curiosity as our advanced platform capabilities prove themselves," shared Paul Cloos, our Sales Lead, Aluminum. Which industries will have the highest and lowest demand for aluminum scrap this year, in your opinion? #Metaloop #UnlimitTheLimited #Euroguss2024 #MetalProcurement #AluminumScrap #InnovationInCasting 

XXXVIII. Key Points Beryllium Aluminum Alloy Market Size Projection in 2024---MarketEdge Intelligence 1.Technological Advancements:Continuous innovation and improved functionalities in Beryllium Aluminum Alloy products are crucial drivers of market growth. Companies are investing in cutting-edge technologies to enhance product performance, reliability, and user experience. These advancements not only attract new customers but also retain existing ones by meeting evolving demands. 2.Increasing Consumer Demand:There is a growing preference for Beryllium Aluminum Alloy solutions among consumers, fueled by their effectiveness, efficiency, and convenience. As more individuals and businesses recognize the benefits of Beryllium Aluminum Alloy, the market is expected to see a substantial rise in demand, contributing to overall growth. 3.Expanding Applications:The adoption of Beryllium Aluminum Alloy across various industries, including healthcare, finance, and manufacturing, is broadening the market's scope. Each sector leverages Beryllium Aluminum Alloy solutions to optimize operations, reduce costs, and improve service delivery, which in turn drives market expansion. 4.Strategic Partnerships:Collaborations and alliances are essential for enhancing market reach and capabilities. Strategic partnerships enable companies to combine expertise, share resources, and access new markets more effectively, fostering growth and innovation within the Beryllium Aluminum Alloy market. 5.R&D Investments: Increased funding for research and development is pivotal in driving product innovation. Companies are allocating substantial budgets to R&D to develop new Beryllium Aluminum Alloy solutions, improve existing ones, and stay competitive in a rapidly evolving market.