Lower nickel, stainless prices hurt Acerinox

Mar 01, 2013 | 02:12 PM | Elfi Middelbeek

Tags  Acerinox, North American Stainless, stainless steel, nickel, Elfi Middelbeek

LONDON — Acerinox SA’s 2012 financial results were hit by falling nickel prices and low base price levels for finished stainless products.

Acerinox posted earnings before interest, taxes, depreciation and amortization (Ebitda) of €197.6 million ($258.5 million), down 42 percent from €340.5 million in 2011 on sales that fell 2.5 percent to €4.55 billion ($5.9 billion) from €4.67 billion.....

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