Walsin Lihwa Corporation revenues declined by 5% yoy in April. From January to April turnover was however 10% higher than in the same period last year. Read more
In the first quarter of 2021, the high performance alloys market (VDM Metals part of Acerinox) experienced an improvement in all consumer sectors, with the exception of the aerospace sector. Read more
Sales were 44% down yoy in Q1/21. EBITDA declined from EUR 12.4 million in the same quarter last year to EUR 0.1 million in January-March this year. Read more
Stainless steel food processing and dairy equipment maker GEA’s order intake was 6.9% lower than in the same quarter a year ago, but higher than the last three quarters. Read more
Carry-overs from past quarter were allocated this week – nevertheless, full exhaustion for India in “Bars” and Turkey in “Stainless Steel Colled Rolled Coils” segment. Read more
Another attempt to stop Section 232 in the US: Over 300 manufacturers of all sizes sent a letter to US president Joe Biden requesting immediate termination of section 232 tariff measures. Read more
Japanese stainless steel crude steel production declined by 16% in the year 2020. In the fourth quarter, production improved by over 140 kt compared to the weak third quarter. Read more
Automotive production was down in April compared to March 2021. January-April 2021: >50% yoy (as the COVID-19 pandemic had a big impact on sales in the first months of 2020). Read more
In contrast to a report on the club website a week ago, Chinese consumers are not forced only to use stainless steel for in-house water piping in the future. Read more
The leading stainless steel processor ELG is being acquired by Aperam in a EUR 357 mill deal from the Haniel Group. But will this create value for the Luxemburg based stainless steel producer? Read more
Aperam reported the best quarter in its history with double digit in sales and volumes in Q1/21. The company announced to acquire the stainless and nickel alloy scrap trader ELG (Germany). Read more
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