Nyrstar- Another disappointment
Nyrstar, the Belgium metal processing company, yesterday reported another set of disappointing quarterly results, for 1Q18. Indeed, after 37% yoy decrease in EBITDA in 4Q17, the decline was at least more moderate at -5% yoy to €54m (5.6% margin). It was driven by lower profitability in the smelting division, which is the bulk of Nyrstar’s activity
Nyrstar is a multi-metals company, produces and sells zinc and lead, as well as other metals, such as silver, gold, and copper. Co. produces zinc, which is used to protect steel from corrosion to construction and transport sectors. Co.'s products include zinc die casting alloys for hot chamber die casting processes, as well as niche alloys for special purposes to produce everyday objects, such as kitchen and bathroom fittings, toys, lock ware, zippers, and various auto and electronic components; zinc and special zinc alloys for the hot dip galvanizing industry; and zinc-continuous galvanizing products used in the construction, automotive, and consumer goods sectors.
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