25
Oct
08:35
Aceros Arequipa benefits from high steel prices
Peruvian electric arc furnace-based long steel supplier Aceros Arequipa (AA) improved its performance both quarter-on-quarter and year-on-year in the third quarter, Kallanish notes. The firm is targeting net sales and Ebitda growth of 60% and 800% year-on-year respectively in 2021.
Net sales reached PEN 1.38 billion ($347.4 million) in Q3, 23% more than in the previous quarter and 72% higher compared to the same period last year. The sharp recovery …
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Anonymous
Very good overview of the weekly steel market.
Anonymous