Since the beginning of the crisis, management has been focused on generating cash flow, increasing liquidity and reducing costs. Adjusted EBITDA, EUR 267 million, was down by just 8% thanks to the incorporation of VDM and the cost reductions undertaken. In a year marked by the pandemic, Acerinox’s turnover totalled EUR 3,451 million between January and September, just 6% lower than that of 2019. In the first three quarters, melting shop production, 1,582,499 tonnes, decreased by 9% compared to the same period of 2019.

Read more at ACERINOX MITIGATES THE IMPACT OF THE PANDEMIC AND RECOGNISES A PROFIT OF EUR 28 MILLION IN THE THIRD QUARTER.