General

Otto Kundu’s first season of stainless steel net profit in 2021 increased to 82 million euros.

Outokumpu released reports show that in the first quarter of 2021, under the driving of market demand, its stainless steel shipments increased by about 3.4% and 16.3% to 608,000 tons, and the price decreased year-on-year. The rise is rising (especially Europe), and the sales of the same lift increased by about 3.6% and 23.9% to 1.77 billion euros, and the EBITDA has increased by about 67% and 490% to 177 million euros. The hair profit increased by about 67% and 126.9% to 177 million euros in the same loop (all business sections were improved), and net profit increased by 272.7% year-on-year. The ring is lost to 82 million euros. To 27 million euros, the net liabilities at the end of the season increased from 1.028 billion euros in 2020 to 1.073 billion euros. European business sector: The season of stainless steel shipments increased by nearly 2.6% and 12.6% to 401,000 tons respectively, and the price increased significantly by the price, the sales price increased by approximately 22.9% to 1.25 billion. Euro, plus cost decline and increase in related raw material stocks and metal derived benefits, making hair business profits increased by about 16.4% year-on-year, and the price of hair is over 78 million euros, and the adjustment of the hair profit increased by about 16.4% respectively. 116.7% to 78 million euros. According to EUROFER April, the EU imported cold-rolled stainless steel from third-party countries is 25%, slightly higher than 24% of the previous quarter; European, Middle East, Africa (EMEA) stainless steel apparent consumption is the same The increase in approximately 1% and 10.8% respectively; the distributor inventory in March is lower than the long-term average. Americas Business Plate: The season of stainless steel shipments increased by about 4.8% and 18.9% to 1.76 million tons respectively, and the price is slightly higher than the previous quarter, and the sales of nearly 7% and 30.6% to 384 million euros. In addition, add product structure improvement, related raw material stocks and metal derived gains, making hair business profits, adjusted hair profits increased by 170% and 200% to 54 million euros, adjusted, have been adjusted. It is positive for 6 consecutive quarters. According to AISI, the imported to the United States is 12% year-on-year, which is 10% year-on-year, and the actual stainless steel demand in the United States has dropped by about 3% year-on-year and an increase of approximately 6%. The data of the Metal Service Center Association shows that the distributor inventory in this season is lower than the average and the same level of the same period. Long material service sector: The season of stainless steel shipments increased by about 6.6% and 51.2% to 65,000 tons respectively, and the sales coherent increased by about 8.2% and 60% to 184 million euros, plus product structure and cost. The year-on-year improvement, the increase in the income of related raw materials inventories and metal derived benefits, making Mao business profits from the same period of the previous year – 1.1 million euros and the first quarterWan Euros increased to 11 million euros, adjusted the hair profits from the previous year – 1.1 million euros and the previous quarter of zero to 11 million euros.Chrome business sector: The season of chrome is reduced by nearly 3.7% year-on-year and an increase of about 3.1% to 131,000 tons, and the price of chrome iron is increased. The sales of the same increase of about 8% and 1.7% to 12.1 billion respectively.Euro, plus cost declines, enabling hair profits to increase by 68% and 31.25% to 42 million euros, increased by 68% and 23.5% to 42 million euros, respectively.Outo Kunpu said in the lookout that the stainless steel shipments in the second quarter increased by 0-5% in the first quarter, and the hair profits after adjustment were similar or higher in the first quarter.