US MARKET RESILIENT AS EUROPEAN MILL PROFITS SLUMP

摘要

In their latest financial results, European listed companies Acerinox, Aperam and Outokumpu, in most cases, reported lower sales and profits for their stainless steel divisions, for the second quarter of 2023, compared with those in the previous three-month period. Despite the figures still being high in historical terms, these steelmakers highlighted, in calls to investors, that making money in Europe is currently very challenging. Their overall profitability is being supported by substantially better financial results in the US market.