Acerinox : Q2 preview: guidance should be reached despite longer-than-expected strike
>We slightly adjust our Q2 estimates due to the strike - We got an update from the company after the announcement on Friday of an end to the strike at its main Algesiras site in Spain. The strike, which began in February, seemed to be dragging on but the final negotiations overcame the reluctance of the last union in favour of continuing industrial action, which led employees to vote to go back to work. We understand that production could restart as of Friday even tho...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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