Acerinox : Green shoots of recovery, strategic focus on US & alloys
>Dominant position in attractive US stainless steel market still a strong asset - We hosted CFO Miguel Ferrandis Torres and COO Hans O. Helmrich on a roadshow in Paris. Investor interest was centred on the core US stainless steel business, the recently announced acquisition of US alloy manufacturer Haynes and the short-term results trajectory. In the US stainless steel market, the group still considers its dominant position as a key differentiating factor. It benefits...Acerinox is the parent company of a group engaged in the manufacture and sale of flat and long stainless steel products, and stainless steel wires. Co.'s major products include slabs, billets, black coils, plates, hot-rolled coils, hot-rolled sheets, flat bars, hot-rolled re-bars, hot-rolled black bars, engraved sheets, cold-rolled coils, cold-rolled sheets and circles. Co. also provides long stainless steel products, such as wire rods, angles, hot rolled flat bars, hot rolled re-bars, reinforced bars in coils, cold rolled re-bars, hot rolled black bars, cold drawn bars, and smooth turned bars. In addition, Co. offers wires, welding wire bars, and bars for electrodes.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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