Acerinox : Management remains confident on Q4
>NAS (North American Stainless) continues to make the difference - Management remains optimistic on the outlook for its US subsidiary NAS. The US market (50% of sales) benefits from 1/ a low penetration of imports (market share of 15%) owing to section 232, 2/ clients’ continued attachment to the alloy surcharge mechanism (systematic repercussions on the variation in input prices), 3/ the discount on stainless steel scrap in the US (its main input) and 4/ investment i...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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