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    ACX   ES0132105018

ACERINOX S.A.

(ACX)
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11.418 EUR   -0.02%
01/17ACERINOX S.A. : Good timing to anticipate a continuation of the trend
2021Banco De Sabadell Loans $232 Million to Steel Manufacturer Acerinox
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EU imposes tariffs on stainless steel from India, Indonesia

11/18/2021 | 12:14pm EST
An employee works inside a stainless-steel utensil manufacturing unit on the outskirts of Jammu

BRUSSELS (Reuters) - The European Union has imposed tariffs on imports of cold-rolled flat stainless steel products from India and Indonesia after an investigation found they were being sold at artificially low prices.

The European Commission, which conducted the investigation, has set duties of 10.2% for Indonesia's IRNC and 20.2% for other Indonesian producers, the EU official journal said on Thursday.

The rates for India are 13.9% for Jindal Stainless Ltd and Jindal Stainless Hisar Ltd and 35.3% for other Indian producers.

The Commission said that the anti-dumping duties, to take effect from Friday, aim to remedy damage caused to EU producers such as Acerinox and Outokumpu.

(Reporting by Philip Blenkinsop)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ACERINOX S.A. 1.33% 11.42 Delayed Quote.0.31%
JINDAL STAINLESS (HISAR) LIMITED -1.36% 387 End-of-day quote.10.95%
JINDAL STAINLESS LIMITED 1.52% 204.2 End-of-day quote.2.98%
OUTOKUMPU OYJ 0.85% 5.686 Delayed Quote.3.38%
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Financials
Sales 2021 6 604 M 7 366 M 7 366 M
Net income 2021 571 M 637 M 637 M
Net Debt 2021 584 M 652 M 652 M
P/E ratio 2021 5,38x
Yield 2021 4,40%
Capitalization 3 089 M 3 444 M 3 445 M
EV / Sales 2021 0,56x
EV / Sales 2022 0,46x
Nbr of Employees 8 305
Free-Float -
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Technical analysis trends ACERINOX S.A.
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TrendsNeutralNeutralBullish
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 19
Last Close Price 11,42 €
Average target price 16,81 €
Spread / Average Target 47,2%
EPS Revisions
Managers and Directors
Bernardo Velßzquez Herreros Chief Executive Officer & Executive Director
Miguel Ferrandis Torres Chief Financial Officer
Rafael Miranda Robredo Independent Chairman
Hans O. Helmrich Chief Operating Officer
George Donald Johnston Independent Director