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CELSA Group™ begins the construction of a rolling mill in France in order to consolidate its steel complex

Barcelona, June 17, 2019 CELSA Group™, the first Spanish steel group and second European manufacturer of long steel products, has started the construction of a rolling mill in its CELSA France plant, located in the municipalities of Boucau and Tarnos, within the region of New Aquitaine. “This operation will position CELSA France as the largest

Acerinox ends the first half of 2017 with a net profit of 151 million euros

This is the best half-yearly balance in the last decade and far exceeds the balance for the first half of 2016 (9 million euros) and that of the whole of 2016 (80 million euros). The EBITDA generated during this period amounted to 317 million euros, a 165% improvement on that obtained during the first half

Steel crisis spreads to Europe as Arcelor Mittal shuts Spanish plant

Fresh evidence of how the steel crisis is intensifying has come from Spain, with Arcelor Mittal mothballing a plant in Sestao. The company blamed record steel imports from China at “below production prices” and “falling selling prices” for the decision to shut the electric arc furnace plant near Bilbao in northern Spain, which produces slab

Acerinox improves 24% its net results for the first quarter compared to last year

Acerinox obtained net results of € 31 million euros, after tax and minority interests, in the first quarter of 2015. This represents a 24% increase with regard to the figure achieved during the same period last year, which was € 25 million. The EBITDA of the Consolidated Group for this period was 103 million euros,

GrafTech International continues to hemorrhage profits

GrafTech International, a maker of graphite rods used in steel making and graphite parts used in electronics, has turned in another quarter of losses, capping off a year of decline in sales, profits and the value of its stock. The big driver of the declines at GrafTech has been the slowdown of the global economy,

Tubacex nearly doubles profit before tax and reduces debt by 22% in 2014

TUBACEX, the leading manufacturer of seamless stainless steel tubes worldwide, obtained a profit before tax of 32.6 million Euros in 2014, which implies nearly doubling the figures of 2013 (+96.6%), according to the information sent by the company to the Spanish Securities Exchange Commission (CNMV). The development of operational excellence programs and the increased sale

Acerinox Generates an EBITDA of 454 Million Euros in 2014

Acerinox ends 2014 with profits of 136.3 million euros (6.2 times the amount the previous year), after tax, minority interests and the fiscal reform impairment (which does not involve a cash outflow). Without these deductions, the net result would have been 159 million euros. These are the best results the company has had in the last seven years.