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Acerinox Knox 2016 crude stainless steel production growth is 6.7% year-on-year
  • 2017-03-11
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Recently, Acerinox Knox released its 2016 earnings report.
In 2016 the Knox cold-rolled stainless steel plate reached a record 1.7159 million tons.The output grew by 6.6%. The peak was 440800 tons in the fourth quarter.The hot rolled stainless steel strip and crude steel output hit a record 2nd with 2.2089 million tons and 2.4754 million tons. It is growth of 8.3% and 6.7%, year-on-year respectively. Especial in the fourth quarter it was 547100 tons and 611000 tons respectively. Long products (hot rolled) output is 224300 tons. It is up 3.9% from a year earlier. In the fourth quarter it is 52700 tons.

Regard to the year's crude steel output, Acerinox Europa growth is 1.1% with 827715 tonnes year-on-year. North America stainless steel companies rose 8% with 1.065658 million tons. South Africa Columbus factory rose 13.1% with 582001 tonnes.

Malaysia Bahru cold-rolled stainless steel factory production of cold rolled stainless steel rose by 169422 tons.

Although sales tonnage was rose 9% year-on-year, the annual net stainless steel sales fell 6% to 3.968143 billion due to decreased nickel prices during the first half year. Gross operating profit (EBITDA) is 329.068 million euros, up 15% from a year earlier. Operating profits (EBIT) of 157.436 million euros, up 30.2%.It belongs to arcelormittal Knox in net profit of 80.32 million euros, up 87.3%;Business activities generated cash flow totaling is 269 million euros.
New stainless steel company in north American has been in January 2017. Abrasion trial-produce, bright annealing production line is expected to March 2 with a total investment of 116 million euros;Campo DE Spain Gibraltar factory new annealing and pickling line abrasion are as schedule.Trial production is expected to begin in the fourth quarter of 2017, a total investment of 140 million euros.

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