Summary of the performance of major global stainless steel companies in 2020
 
Acerinox has a net profit of 49.049 million euros in 2020. The output of stainless steel crude steel and high-performance alloys decreased by about 4% and 10%, respectively.
According to a report released by Acerinox on February 26, in 2020, in the event of a global epidemic, its (stainless steel and high-performance alloy) smelting output will only drop by about 2% to 2.1964.9 million tons. The amount only dropped by about 2% to 4.668 billion euros, and gross operating profit (EBITDA) increased by about 5% to 384 million euros. The net profit attributable to the group changed from -59.545 million euros in the previous year to 49.049 million euros. Operating cash Flows (before investment) reached 421 million euros (the highest since 2012), the immediate liquidity at the end of the year reached 1.772 billion euros, and net financial liabilities increased to 278 million euros due to the acquisition of VDM in March. During the period, the rapid response to the epidemic, cost control, the good performance of North American Stainless Steel Company (NAS), and the integration of VDM made up for the impact of the epidemic.
 
Improved economic expectations, coupled with higher commodity prices and low supply chain inventory levels, will increase the vitality of the fourth quarter of 2020. In the quarter, smelting output increased by approximately 14% from the previous quarter to 613,992 million tons, sales increased by approximately 9% from the previous month to 1,217 million euros, and gross operating profit increased by approximately 50% from the previous month to 131 million euros, while the net profit attributable to the group decreased from the previous month. Approximately 32.1% to 19 million euros, operating cash flow totaled 254 million euros.
 
Stainless steel segment: Production was greatly affected by the epidemic in the second quarter, but resumed from the third and fourth quarters. The annual smelting output (stainless steel crude steel output) fell by about 4% to 2.144 million tons, of which, the fourth quarter increased by about 23% and 14.7% from the previous quarter to 601,000 tons. The output of cold-rolled stainless steel flat products for the year fell by about 14% to 1.383 million tons, of which, the fourth quarter increased by about 6% and 11.5% from the same period to 369,000 tons. The annual output of stainless steel long products (hot rolled) fell by about 4% to 210 thousand tons, of which, the fourth quarter increased by about 17% and 3.9% from the previous quarter to 53,000 tons. Net sales for the year fell by about 15% to 4.055 billion euros, of which, the fourth quarter increased by about 14.1% to 1.067 billion euros. The gross operating profit for the year fell by about 5% to 344 million euros, of which, the fourth quarter increased by about 34.9% from the previous quarter to 116 million euros. The operating profit for the year increased by about 550% to 147 million euros, of which, the fourth quarter increased by about 61.2% to 79 million euros. The operating cash flow for the year fell by 6% to 337 million euros, of which, the fourth quarter increased by about 896.3% to 242 million euros. The Columbus plant in South Africa started producing carbon steel in August 2020 to meet local market demand, and sold 68,000 tons of carbon steel and 302,000 tons of stainless steel throughout the year.
 
High-performance alloys segment: According to the research and analysis agency SMR, the global output of high-performance alloys in 2020 will drop by about 20% to 285,000 tons due to the decline in demand from the aerospace, automotive, and oil and gas industries. VDM was also affected. The smelting output and finished product output for the whole year (only including the part after the acquisition of VDM on March 17, that is, March-December 2020) decreased by about 10% to 52,000 tons and 32,000 tons, respectively. The fourth quarter fell by approximately 7.1% and 20% from the previous quarter to 13,000 tons and 8,000 tons respectively. The annual sales volume exceeded 37,000 tons, and the net sales amounted to approximately 614 million euros. Among them, the fourth quarter continued to drop by 18.9% from the previous quarter to 150 million euros. The gross operating profit for the whole year was approximately 40 million euros, of which, the fourth quarter increased by 650% from the previous quarter to 15 million euros. The annual operating profit was about 20 million euros, of which, the fourth quarter turned from a loss to a profit of 10 million euros. The operating cash flow for the whole year was 84 million euros, of which, the fourth quarter fell by 81.25% from the previous quarter to 12 million euros.
 
In its outlook, Acerinox stated that the recovery of the stainless steel market starting in the middle of the fourth quarter of 2020 is continuing, the backlog of orders for all the company's factories has improved, and the high-performance alloy business shows signs of improvement. In view of this, it is expected to be in the first quarter of 2021. Gross operating profit will increase slightly.
 

Outokumpu's 2020 stainless steel shipments, ferrochrome production decline and net losses expand. Fourth quarter performance improves quarter-on-quarter
Outokumpu's report released on February 4 showed that in the fourth quarter of 2020, its stainless steel shipments increased by nearly 14.2% and 7% from the previous month to 523,000 tons, and the sales price fell from the same month (especially Prices in Europe and America remained relatively stable month-on-month), sales fell by about 3.4% year-on-year and increased by nearly 7.7% month-on-month to 1.35 billion euros.
 
Gross operating profit (EBITDA) decreased by 2/3 year-on-year and increased by 200% from the previous quarter to 30 million euros. Adjusted EBITDA increased by approximately 6.8% and 254.5% from the previous quarter to 78 million euros, respectively. From 38.1% to 39 million euros, operating cash flow fell by nearly 21.7% and 34.1% from the previous quarter to 112 million euros, respectively. Net debt at the end of the quarter fell to 10.28 from 1.155 billion euros at the end of the previous year and 1.105 billion euros at the end of the previous quarter. Billion euros.
 
In 2020, its stainless steel shipments fell by about 3.4% year-on-year to 2.121 million tons due to weaker demand. Coupled with the decline in sales prices in Europe and the Americas, especially in Europe, sales fell by about 11.9% year-on-year to 56.39. Billion euros. During the period, cost reduction measures supported profitability, and input costs and fixed costs fell. For the year, gross operating profit decreased by 28.2% year-on-year to 191 million euros, adjusted EBITDA fell by approximately 4.9% year-on-year to 250 million euros, net loss expanded by nearly 54.7% year-on-year to 116 million euros, and operating cash flow fell by approximately 13.2% year-on-year. 322 million euros.
 
European business segment: the annual stainless steel shipment volume dropped by about 1.3% to 1.44 million tons, of which the fourth quarter increased by about 19.8% and 5.3% from the same period to 356,000 tons; sales fell by about 12.7% to 3.568 billion euros , Of which the fourth quarter fell year-on-year and increased from the previous quarter to 834 million euros; gross operating profit fell by about 59.2% to 95 million euros, of which the fourth quarter turned from profit to loss from profit to 11 million euros from the previous quarter; adjusted gross operating profit fell by about 34.2 % To 142 million euros, of which the fourth quarter fell year-on-year and the chain increased to 36 million euros.
 
Americas business segment: The annual stainless steel shipments fell by nearly 2.2% to 588,000 tons, of which the fourth quarter increased by about 10.4% and 8.8% from the previous quarter to 148,000 tons; sales fell by about 11.2% to 1.195 billion euros. Among them, the fourth quarter fell year-on-year and increased to 294 million euros from the previous quarter; the gross operating profit turned from a loss to a profit of 53 million euros year-on-year, of which the fourth quarter increased to 18 million euros from a month-on-year basis; the adjusted gross operating profit changed from a loss to a profit of 5500 Million euros, of which the fourth quarter increased to 18 million euros from the previous quarter.
 
Long products business segment: The annual stainless steel shipment volume fell by about 22.6% to 175,000 tons, of which the fourth quarter fell by 1 thousand tons year-on-year and increased by about 38.7% month-on-month to 43,000 tons; sales fell by about 23.2% to 493 million Euro, of which the fourth quarter fell year-on-year and increased to 115 million euros from the previous year; gross operating profit fell from -7 million euros in the previous year to -11 million euros, of which, in the fourth quarter, it turned from a loss to a profit of 3 million euros from the previous year; after adjustment The gross operating profit of the company dropped from -7 million euros in the previous year to -8 million euros, of which the fourth quarter increased to zero compared to the same period last year.
 
Ferrochrome business segment: The production of ferrochrome for the whole year fell slightly by nearly 1.4% to 498,000 tons, of which the fourth quarter increased by nearly 13.4% year-on-year to 127,000 tons; sales fell by about 10.8% to 411 million euros. The quarter-on-quarter increase to 119 million euros; gross operating profit fell by nearly 6.3% to 90 million euros, of which the fourth quarter increased to 32 million euros from the same period last year; adjusted gross operating profit fell by about 5.2% to 91 million euros, of which In the fourth quarter, it increased from the same period to 34 million euros.
 
Outokumpu stated in its outlook that the demand for stainless steel is increasing, and it is expected that the sales volume of the European and American business segments will increase seasonally in the first quarter of 2021, and the stainless steel shipments of the entire group will increase by 10-year compared with the fourth quarter of 2020. 20%, adjusted gross operating profit will also be higher.

 
Ampron’s shipment volume in 2020 decreased by approximately 6.1% and net profit increased by approximately 18.2%. The fourth quarter achieved good results
In its 2020 performance report released on February 10th, Aperam stated that its strict cost control, increased shipments in the European market, and a strong sales structure in the Brazilian market have resulted in the highest level since its peak in 2017. Good fourth quarter results.

In 2020, Amplang's external steel shipments were 1.677 million tons, a decrease of about 6.1% from the previous year's 1.786 million tons. Among them, the fourth quarter increased by about 7.2% year-on-year and slightly decreased by about 0.2% from the previous year to 431,000 tons. . The decrease in shipments combined with the decline in average selling prices made its annual sales drop by approximately 14.5% year-on-year to 3.624 billion euros. Among them, the fourth quarter fell by 8.4% year-on-year and the chain increased by approximately 8.9% to 916 million euros. The gross operating profit (EBITDA) for the whole year was 343 million euros, which was lower than the 357 million euros of the previous year. Among them, the fourth quarter increased by about 55.9% and 144.6% from the same period to 159 million euros (including 50 million euros of special income). ). The net profit attributable to shareholders of the parent company for the whole year increased by about 18.2% year-on-year to 175 million euros. Among them, the fourth quarter increased by about 248.3% and 320.8% from the same period to 101 million euros. Net financial liabilities at the end of the year fell to 67 million Euros from 75 million Euros at the end of the previous year.
 
Stainless steel/silicon steel unit: The shipment volume for the whole year (to the inside and outside of the group) decreased by about 4.8% year-on-year to 1.639 million tons, of which, in the fourth quarter, it increased by about 7.5% and 3.6% from the same period to 432,000 tons. The annual average selling price decreased by about 9.3% year-on-year to 1,705 euros/ton, of which, the fourth quarter fell by about 6.5% year-on-year and increased by nearly 12.2% from the previous quarter to 1,723 euros/ton. Annual sales fell by nearly 13.6% year-on-year to 2.897 billion euros. Among them, the fourth quarter fell by about 4.2% year-on-year and increased by 16.6% year-on-year to 774 million euros. The gross operating profit for the whole year increased slightly by about 0.7% year-on-year to 277 million euros. Among them, the fourth quarter increased by about 59.8% and 230.9% from the same period to 139 million euros (including special income of 50 million euros).
 
Service and solutions unit: The annual shipment volume fell by nearly 8.5% year-on-year to 646,000 tons, of which, the fourth quarter increased by nearly 13.2% year-on-year and the month-on-month drop was approximately 1.2% to 163,000 tons. The annual average selling price decreased by about 5.8% year-on-year to €2,242/ton. Among them, the fourth quarter fell by about 10% year-on-year and increased by about 1.8% from the previous quarter to €2,224/ton. Annual sales fell by nearly 14.7% year-on-year to 1.513 billion euros. Among them, the fourth quarter fell slightly year-on-year and increased by 2.4% from the previous quarter to 381 million euros. The gross operating profit for the year fell by approximately 15.2% year-on-year to 39 million euros, of which, the fourth quarter increased by 200% and 50% from the same period to 15 million euros.
 
Alloy and specialty products unit: The annual shipment volume fell by nearly 13.9% year-on-year to 31,000 tons, of which, the fourth quarter fell by about 22.2% year-on-year and the chain was flat at 7,000 tons. The annual average selling price increased by about 0.7% year-on-year to 16,061 euros/ton, of which, the fourth quarter fell by about 7.7% and 7.3% from the previous quarter to 15,122 euros/ton. Annual sales fell by approximately 14.4% year-on-year to 511 million euros, of which, the fourth quarter fell approximately 35.6% and 7.2% from the same period to 103 million euros. The gross operating profit for the year fell 10% year-on-year to 45 million euros, of which, the fourth quarter increased by approximately 7.1% and 50% to 15 million euros.
 

Tubacex's 2020 net loss of 25.3 million euros
The Spanish multinational stainless steel, high-alloy steel seamless pipe and pipe fittings manufacturer Tubacex released a performance report on February 26, showing that in 2020, its sales will decline quarter by quarter, with a year-on-year decline of about 21.8% year-on-year to 479.6 million euros. The quarter-on-quarter decline was approximately 34.4% and 16.4% to 90 million euros, respectively; the annual gross operating profit fell approximately 43.2% year-on-year to 38.1 million euros, of which, the fourth quarter fell approximately 43.9% year-on-year and the quarter-on-quarter increase nearly 77.3%. 11.7 million euros; the full-year operating profit turned a loss of 11.9 million euros from 22.8 million euros in the previous year, of which, in the fourth quarter, a loss of 4.7 million euros from 5 million euros in the same period last year, an increase of 1.7 million euros from the previous year; mainly due to The impact of the loss of the Basque production plant in Spain. The net profit for the whole year turned from 11.1 million euros in the previous year to a loss of 25.3 million euros. Among them, the fourth quarter turned a loss of 12.3 million euros from 3.9 million euros in the same period last year, an increase of 7.6 million euros from the previous year. EUR.
 
The reorganization of the labor force within the group, which is currently at an advanced stage, will eventually affect 600 people.
 
 

Italy AST's shipments in October-December 2020 are in good condition
According to ThyssenKrupp on February 10th, due to good demand, it has belonged to the Italian Acciai Speciali Terni Stainless Steel Company (AST) managed by the "Multi Tracks" department. The first quarter of the 2020/2021 fiscal year (2020 year) Stainless steel shipments during the October-December period were good, but market-related changes in prices and costs affected revenue.
 
In addition, ThyssenKrupp announced on February 19 that it had stopped negotiations on the sale of Steel Europe to Liberty Steel.
 

Aichi Steel achieves profitability in the first three quarters of fiscal 2020
The consolidated performance report released by Japan's Aichi Steel on February 12 shows that in the first three quarters of fiscal 2020 (April-December 2020), its sales fell by about 22.2% year-on-year to 144.126 billion yen, and operating profit fell by nearly 91.5 year-on-year. % To 860 million yen, regular profit fell by nearly 86.8% year-on-year to 1.354 billion yen, and net profit attributable to shareholders of the parent company fell by about 87.5% year-on-year to 857 million yen. The reason why the performance of the first three quarters can reverse the cumulative loss of the first two quarters is due to the continuous improvement in sales and profits in the third quarter (October-December 2020).
 
In terms of business divisions, special steel business (mainly including hot-rolled special steel and steel-making materials): sales and selling prices fell, and cumulative sales in the first three quarters fell by about 28.2% year-on-year to 45.994 billion yen. Operating profit was from the same period last year. Of 3.74 billion yen turned a loss of 2.069 billion yen on a daily basis. Among them, the third quarter's sales and operating profit were significantly improved month-on-month.
 
Stainless steel business (mainly including stainless steel, titanium, and stainless steel structural engineering): The price of stainless steel has risen while sales volume has declined.The cumulative sales of the first three quarters fell by nearly 20.1% year-on-year to 23.498 billion yen, and operating profit fell by about 43.7% year-on-year to 1.597 billion yen. .
 
Forging business: Sales and selling prices declined. In the first three quarters, cumulative sales fell by approximately 20.8% year-on-year to 61.887 billion yen, and operating profit fell nearly 80.2% year-on-year to 487 million yen.
 
In addition, the sales and operating profits of its smart business (including electronic functional materials and components, magnet products, metal fibers, etc.) and other businesses have declined year-on-year, and the decline in smart business has been relatively small.
 


Japan's Datong Special Steel turns loss to profit in the third quarter of fiscal year 2020
The consolidated performance report released by Japan's Daido Special Steel Co., Ltd. on February 12 showed that in the first three quarters of fiscal 2020 (April-December 2020), due to the decline in overall demand, its steel sales (single) fell by about 28.9% year-on-year to 65.3 10,000 tons, consolidated sales fell by about 23.1% year-on-year to 287.127 billion yen, operating profit fell by about 91.1% year-on-year to 1.861 billion euros, regular profit fell by about 80.8% year-on-year to 4.102 billion euros, and net profit attributable to the parent fell by about 89.9% year-on-year. To 1.623 billion yen. The third quarter performance further improved. Sales (single) continued to increase by about 34.8% from the previous month to 275,000 tons. Consolidated sales continued to increase by nearly 18.7% from the previous month to 107.637 billion yen. Operating profit, regular profit and net profit attributable to the parent reached respectively. 5.392 billion yen, 6.214 billion yen and 3.941 billion yen all reversed the loss of the previous two quarters.
 
Special steel steel sector (structural steel, tool steel, etc.): Sales in the first three quarters fell by nearly 30.1% year-on-year to 99.045 billion yen due to sales decline, and operating profit turned from profit to loss of 2.095 billion yen year-on-year. Among them, the third quarter's sales continued to increase by about 26.4% from the previous month to 39.211 billion yen, and the operating profit changed from a loss to a profit of 889 million yen.
 
Functional and magnetic materials sector (stainless steel, high-alloy, magnetic materials and powder products, etc.): Sales in the first three quarters decreased by about 17.9% year-on-year to 103.469 billion yen due to sales decline, and operating profit fell by about 46.2% year-on-year to 5.646 billion days yuan. Among them, sales in the third quarter increased by approximately 21% month-on-month to 38.663 billion yen, and operating profit increased by approximately 366.1% month-on-month to 3.471 billion yen.
 
Datong Special Steel also has automobile and industrial machinery parts, engineering, distribution and service departments.
 

Nippon Seiki's stainless steel wire sales in the first three quarters of fiscal 2020 decreased by approximately 18.3%, and net profit increased by approximately 21.7%
Japanese stainless steel wire rod and metal fiber manufacturer Nippon Seisen Co., Ltd. released a consolidated performance report on February 10, showing that in the first three quarters of fiscal 2020 (April-December 2020), due to the decline in sales of stainless steel wire rods, its sales fell by approximately 8.1% to 24.049 billion yen. Mainly due to the increase in sales of high-performance and self-made products from 60.2% in the previous year to 65.8% (of which high-performance, self-made stainless steel wires accounted for about 48.1%), the operating profit of the first three quarters increased by about 12.3% year-on-year To 1.536 billion yen, regular profit increased by about 21.8% year-on-year to 1.728 billion yen, and net profit attributable to the parent increased by about 21.7% year-on-year to 1.214 billion yen. Sales in the third quarter increased to the highest in the previous three quarters, and regular profits and regular profit margins reached their highest points in recent quarters.
 
In terms of regions, sales in Japan in the first three quarters fell by about 6.6% year-on-year to 22.176 billion yen (to outside the group, down by nearly 6.7% year-on-year to 22.87 billion yen), and operating profit increased by about 26.5% year-on-year to 1.482 billion yen. ; Sales in Thailand decreased by about 23.2% year-on-year to 2,544 million yen due to the sharp decline in sales (decreased by about 22.7% year-on-year to 1.397 billion yen outside the group), and operating profit decreased by about 55.4% year-on-year to 64 million yen; Sales in China and South Korea fell by approximately 21.4% year-on-year to 672 million yen (to outside the group a 20% year-on-year decrease to 564 million yen), and operating profit fell by approximately 74.3% year-on-year to 27 million yen.
 
In terms of different sectors, the stainless steel wire segment: The average monthly sales of stainless steel wire in the first three quarters decreased by about 18.3% year-on-year to 2,703 tons, and sales fell by about 10.7% year-on-year to 19.794 billion yen. Among them, the average monthly sales volume in the third quarter increased nearly compared to the previous quarter. 29.6% to 3083 tons, sales increased by nearly 21.9% from the previous month to 7.203 billion yen.
 
Metal fiber sector: Sales in the first three quarters increased by approximately 5.7% year-on-year to 4.254 billion yen, of which, the third quarter increased by approximately 13.3% from the previous quarter to 1.455 billion yen.
 


Nippon Steel's net loss of 123.8 billion yen in the first three quarters of fiscal 2020
According to a report on February 5 by Nippon Steel Corporation's parent company, Nippon Steel Corporation's crude steel production in the first three quarters of fiscal 2020 (April-December 2020) was 23.14 million tons, and its affiliated subsidiaries The output of crude steel was 3.28 million tons. Consolidated sales during the period were 3,449.817 billion yen, operating losses were 67.385 billion yen, and net losses attributable to the parent were 123.8 billion yen.
 
Japan UEX's single stainless steel sales in the first three quarters of the 2020 fiscal year fell by approximately 19.4%, and the net profit attributable to the parent fell by approximately 87.9%
 
The consolidated performance report released by the well-known Japanese stainless steel processing and seller UEX Co., Ltd. on February 4 showed that in the first three quarters of the 2020 fiscal year (April-December 2020), its sales fell by about 13.6% year-on-year due to the decline in demand and sales volume. 36,465,322 million yen, operating profit fell by about 73.3% year-on-year to 241278 million yen, regular profit fell by about 74.1% year-on-year to 2690.1 million yen, and net profit attributable to shareholders of the parent company fell by about 87.9% year-on-year to 69.064 million yen. Among them, the third quarter's sales, operating profit, and regular profit were all higher than the previous quarter, while the net profit attributable to the parent declined month-on-month.
 
Sales of stainless steel and other metal materials: In the first three quarters, the average selling price of UEX single-unit stainless steel increased by about 1.6% year-on-year, but the sales volume of stainless steel decreased by about 19.4%, resulting in a year-on-year decrease of approximately 14.2% to 35.162301 billion yen in external sales. Operating profit A year-on-year decrease of approximately 86.5% to 1017.5 million yen.
 
Manufacturing and sales of stainless steel and other metal processed products: External sales in the first three quarters fell by about 3.8% year-on-year to 7729.6 million yen, and operating profit fell by about 34.0% year-on-year to 91.152 million yen.
 
Manufacturing, sales and engineering of machinery and equipment: External sales in the first three quarters increased by approximately 23.9% year-on-year to 53,092.5 million yen, and operating profit increased by approximately 5.2 times year-on-year to 48.762 million yen.
 


Japan Metallurgical Industry's sales volume and net profit in the first three quarters of fiscal 2020 decreased by approximately 21.1% and 33.3%, respectively
The consolidated performance report released by Japan Metallurgical Industry Co., Ltd. on February 4 shows that in the first three quarters of fiscal 2020 (April-December 2020), its sales fell by about 21.1% year-on-year (of which, high-performance stainless steel and alloy materials fell by about 18.6 year-on-year %, ordinary stainless steel materials fell by about 21.2% year-on-year), sales fell by about 19.8% year-on-year to 82.904 billion yen, operating profit fell by about 12.8% year-on-year to 4.4 billion yen, and ordinary profit fell by about 11.2% year-on-year to 3.799 billion yen. , The net profit attributable to shareholders of the parent company fell by about 33.3% year-on-year to 2.436 billion yen. Among them, sales in the third quarter fell by about 2% to 26.702 billion yen, while operating profit, regular profit, and net profit attributable to the parent increased to 1.446 billion yen, 1.285 billion yen and 1.021 billion yen respectively.
 
Nippon Metallurgical Industry Co., Ltd. said that in view of the recovery of automotive-related demand, investment in production machinery and other equipment has also bottomed out, and demand is slowly recovering. Demand for high-performance materials from China is also tending to recover. Current expectations for sales and profits in fiscal year 2020.
 

South Korea's Pohang Steel's stainless steel production and sales continue to decline in 2020
South Korea's Pohang Iron and Steel (POSCO) reported on January 28 that its stainless steel production totaled 1.799 million tons in 2020, lower than the 1.97 million tons in the previous year and 2.033 million tons in 2019. In terms of quarters, production increased quarter by quarter after the first quarter, and reached the highest level of the year of 502,000 tons in the fourth quarter (an increase of approximately 18.1% from the previous quarter).

The annual sales volume of stainless steel was 1.819 million tons, which was lower than the 1.968 million tons in the previous year and 2.001 million tons in 2018.

The output of crude steel for the year fell by nearly 5.5% to 35.934 million tons, the output of steel fell by nearly 4.1% to 34.437 million tons, and the sales of steel fell by nearly 4.8% to 34.27 million tons (in which domestic sales accounted for a small increase to 55.4%, WTP products Sales accounted for 26.7%), sales revenue fell by about 12.7% to 26.51 trillion won, operating profit margin fell by about 4.2 percentage points to 4.3%, and net profit margin fell by about 0.2 percentage points to 3.64%.
 
The annual operating profit of the group's domestic and overseas steel business fell by nearly 55.2% to 120.5 million won. Among them, the overseas steel business turned a profit of 3 million U.S. dollars year-on-year.
 

Posco Techno's cold-rolled stainless steel sales in 2020 will drop by about 0.7%, and net losses will be reduced by about 52.4%
POSCO-Thainox's consolidated performance report released on February 19 showed that in 2020, its revenue from cold-rolled stainless steel sales and services fell by about 8.5% year-on-year to more than 13,17751 million baht. The decrease in revenue was due to the decrease in sales volume and average selling price: the sales volume of cold rolled stainless steel fell by nearly 0.7% to 225.27 million tons, and the average selling price fell by about 7.9% to 58352.2 baht/ton.
 
The gross profit for the whole year decreased by about 3.9% year-on-year to more than 41317 million baht, while the gross profit margin increased by about 0.1 percentage point year-on-year to 3.1%. During the period, foreign exchange gains and other gains fell by 48.7 million baht and 58.1 million baht respectively year-on-year, but sales and administrative expenses fell by 148.8 million baht year-on-year. The net loss attributable to shareholders for the year decreased by approximately 52.4% year-on-year to 17,432,800 baht.
 
Compared with the third quarter, the sales volume, sales, gross profit and gross profit achieved in the fourth quarter have further improved, reaching more than 66,000 tons, more than 3,867.2 million baht, more than 206 million baht, and 5.3%, respectively, which are attributable to shareholders. The net profit fell by approximately 41.2% to 37.728 million baht.
 
 
Cleveland-Cliffs steel manufacturing business will sell 3.783 million short tons in 2020
The largest steel flat steel producer in North America, the U.S. Cleveland-Cliffs, released a performance report on February 25, showing that it includes AK Steel acquired in mid-March 2020, ArcelorMittal USA acquired on December 9, 2020 (has been renamed " In the steel manufacturing business including Cleveland-CliffsSteel”), the total sales of carbon steel, silicon steel, and stainless steel flat products in 2020 will reach 3.783 million short tons, of which 1.858 million short tons in the fourth quarter; annual sales of 4.965 billion US dollars. Among them, the fourth quarter was 2.099 billion U.S. dollars; the adjusted gross operating profit for the whole year was 433 million U.S. dollars, of which, 316 million U.S. dollars in the fourth quarter.
 

Carpenter Technology's sales in the second quarter of fiscal 2021 decline and net losses expand
According to a report released by Carpenter Technology on January 28, in the first half of the 2021 fiscal year ending on December 31, 2020, its sales fell by about 30.9% year-on-year to 83,968 kilo pounds. Approximately 33.2% and 10.7% to 39,620 kilo pounds; net sales fell by nearly 39.4% year-on-year to US$702.1 million, of which, the second quarter fell by about 39.1% and 1.3% from the same period to 348.8 million US dollars; gross profit fell by nearly 95.8 year-on-year % To 9.5 million U.S. dollars, of which, the second quarter fell by nearly 94.7% year-on-year and the quarter-on-quarter increase was about 71.4% to 6 million U.S. dollars; operating profit turned from a profit of 114.8 million U.S. dollars to a loss of 137.8 million U.S. dollars. Increased by nearly 82.4% to 89 million U.S. dollars (a profit of 55 million U.S. dollars in the same period last year); net profit turned from a profit of 80 million U.S. dollars to a loss of 132 million U.S. dollars year-on-year. Among them, the net loss in the second quarter increased by nearly 80.3% to 84.9 million U.S. dollars ( The profit of the same period last year was 38.8 million U.S. dollars). Cash flow from operating activities in the second quarter was US$83.6 million, and the total liquidity at the end of the quarter increased to US$665.4 million (including US$271.4 million in cash in hand).
 
Special alloy business (SAO), including stainless steel, advanced alloy castings and forgings, and long products: Sales in the first half of the fiscal year fell to 81,970 kilolbs year-on-year, of which, the second quarter fell by about 31.8% and 11% from the same period to 38602. Thousand pounds; net sales fell to 601.1 million U.S. dollars year-on-year, of which, in the second quarter, it fell by about 37.8% year-on-year and was roughly flat at 300.4 million U.S. dollars. The operating loss for the quarter decreased by about 37.6% from the previous quarter to US$11.6 million (a profit of US$76.3 million in the same period last year).
 
Performance design product business (PEP), including titanium alloys, metal powders, etc.: Sales in the first half of the fiscal year fell to 2,998 kilo pounds year-on-year, of which, the second quarter fell by nearly 55.1% year-on-year and the month-on-month increase was nearly 4.8% to 1534 thousand Pounds; Net sales fell by about 45.8% year-on-year to US$116.7 million. Among them, the second quarter fell by about 48.3% and 11.5% year-on-year to US$54.8 million, respectively; operating losses increased by about 541.2% year-on-year to US$10.9 million. The operating loss in the second quarter expanded by approximately 95% from the previous quarter to US$7.2 million (a profit of US$400,000 in the same period last year).
 

Allegheny Technology has a net loss in 2020, Q4 results improve quarter-on-quarter
A report released by Allegheny Technologies (ATI) on January 28 shows that in 2020, its sales fell by nearly 27.7% year-on-year to US$2.9821 billion, of which, the fourth quarter fell by about 35.4% year-on-year and increased by about 10% month-on-month. To 658.3 million US dollars. The gross profit for the whole year fell by nearly 54.1% year-on-year to US$292.8 million, of which, the fourth quarter fell by about 73.3% year-on-year and the month-on-month increase was about 18.6% to US$45.2 million. For the full year, gross operating profit (EBITDA) fell by approximately 53.7% year-on-year to US$244.6 million (adjusted to US$196.3 million), of which, the fourth quarter fell by approximately 73.7% year-on-year and increased by nearly 33.1% from the previous quarter to US$37 million (adjusted) For 23 million U.S. dollars). The net loss attributable to ATI for the whole year amounted to US$1.5726 million (including US$1.572 billion in restructuring and other expenses), while the net profit realized in the previous year reached US$257.6 million (adjusted to US$165.1 million). The net loss increased significantly from the previous quarter's 50.1 million US dollars to 1.121 billion US dollars (including 1.0791 billion US dollars of restructuring and other expenses), and it turned into a loss from a profit of 56.5 million US dollars year-on-year.
 
Of the annual sales, the aerospace and defense market accounted for approximately 46%, the energy market (including oil and gas, hydrocarbon and chemical processing, and electric power) accounted for approximately 21%, the automotive market accounted for approximately 9%, and the electronics/computer/communication accounted for approximately 6%. %, the food equipment and appliance market accounted for about 5%, the construction/mining market accounted for about 5%, the medical market accounted for about 4%, and other markets accounted for about 4%. During the period, only the electronics/computer/communication market saw an increase in sales, while the rest of the market declined. In terms of products, high-value products accounted for about 88%, a year-on-year decrease of about 1%; standard stainless steel products accounted for about 12%, a year-on-year increase of about 1%. Among high-value products, nickel-based alloys and special alloys account for about 33%, titanium and titanium-based alloys account for about 17%, precision rolled strips account for about 15%, precision castings and components account for about 14%, and zirconium and related alloys account for about 14%. Accounted for 9%.
 
High-performance materials and components unit: annual sales fell by about 41.1% year-on-year to US$1,164.6 million, of which, the fourth quarter fell by nearly 55.3% year-on-year and increased slightly by 0.5% from the previous quarter to US$222.3 million (approximately 74% of the aerospace market) ); The gross operating profit for the whole year fell by about 63.6% year-on-year to US$129.6 million, of which, the fourth quarter fell by nearly 92% and 55.4% from the same period to US$7.5 million.
 
Advanced alloys and solutions unit (including stainless steel flat products, etc.): annual sales fell by approximately 15.2% year-on-year to US$1.817.5 billion, of which, the fourth quarter fell by approximately 16.4% year-on-year and the month-on-month increase was approximately 15.7% to US$436 million ( Sales to the aerospace and defense markets decreased by about 28% year-on-year and increased by about 24% month-on-month); the annual gross operating profit decreased by nearly 33.4% year-on-year to US$115 million, of which, the fourth quarter fell by about 38.5% year-on-year and increased month-on-month. Nearly 168.2% to 29.5 million US dollars, the significant increase from the previous month was due to cost reduction measures, increased sales of high-value products, and the contribution of the Chinese joint venture company Shanghai Shida Precision (STAL).
 

U.S. General Stainless's sales in 2020 will drop by nearly 25.7%, with a net loss of US$19.047 million
The performance report released by the United States General Stainless Alloy Products Company (USAP) on January 27 shows that in 2020, its sales volume fell by nearly 25.7% year-on-year to 30,821 tons, and net sales fell by about 26% year-on-year to 1793.1 million U.S. dollars. The sales of alloys (vacuum smelting products) decreased by about 6.4% year-on-year to 35.239 million U.S. dollars (accounting for 19.6% from 15.5% of the previous year), and the sales of special alloys including stainless steel decreased by nearly 29.5% year-on-year to 1.41838. One hundred million U.S. dollars. In terms of terminal markets, sales to the aerospace, power generation, oil and gas, and heavy equipment markets all declined year-on-year, with aerospace, the largest market, falling by nearly 28.5% to 121.9 million U.S. dollars. The gross profit for the whole year has changed from US$27.638 million in the previous year to US$2.656 million, and the gross operating profit (EBITDA) has changed from US$26.671 million in the previous year to US$2.061 million (adjusted, a year-on-year decrease of approximately 71.8% to US$7.905 million) ). The net loss for the whole year amounted to 19.047 million U.S. dollars, while a net profit of 4.275 million U.S. dollars was achieved in the previous year.
 
In the fourth quarter of 2020, its sales fell by nearly 42.2% and 6.2% from the previous month to 5,669 tons, and its net sales fell by about 43.2% and 16.3% from the previous month to 31.324 million US dollars. Among them, the sales of advanced alloys were the same as the previous month. It fell to 5.968 million U.S. dollars (the proportion increased year-on-year and the ring ratio fell to 19.1%), and the sales of special alloys fell nearly 29.5% year-on-year to 141838 million U.S. dollars. The gross operating profit for the quarter was -3.876 million U.S. dollars (adjusted to -171,000 U.S. dollars), which was not as good as the -3.616 million U.S. dollars in the previous quarter and +5.497 million U.S. dollars in the same period last year; gross profit was transferred from 5.854 million U.S. dollars in the same period last year. The quarter-on-quarter loss expanded to -507.5 million US dollars; the net loss expanded from 7 million US dollars in the previous quarter to 7.305 million US dollars, while a net profit of 200,000 US dollars was achieved in the same period last year. At the end of the quarter, the backlog of orders fell from 54.8 million US dollars at the end of the previous quarter and 119.1 million US dollars in the same period last year to 48 million US dollars, and the total liabilities were further reduced.
 
In 2021, USAP's investment in the production of advanced alloys includes the addition of a vacuum arc remelting furnace and an 18-ton furnace to expand production capacity and reduce costs.
 

India JSHL's stainless steel sales and profits continue to grow from October to December 2020
A separate performance report issued by India Jindal Stainless Steel (Hisar) Co., Ltd.(JSHL) on February 8 shows that in the first three quarters of the 2020/2021 fiscal year (April-December 2020), its stainless steel sales totaled 394,157 tons, of which In the third quarter, it increased by about 22% and 23% year-on-year to 191,272 tons (of which, domestic sales accounted for a year-on-year increase of 3 percentage points to 92%); net sales fell by about 11% year-on-year to 56.41 billion rupees, of which the third The quarter-on-quarter growth was approximately 29% and 35.9% to 28.22 billion rupees; gross operating profit decreased by approximately 7% year-on-year to 6.39 billion rupees, of which the third quarter increased by approximately 67% and 41.5% to 3.51 billion rupees; after tax Profit increased by about 12% year-on-year to Rs 2.52 billion, of which the third quarter increased by about 217% and 70.8% to Rs 1.9 billion.
 
From the perspective of consolidated performance, net sales in the first three quarters fell by about 12% year-on-year to Rs 62.97 billion, of which the third quarter increased by about 27% and 36.9% from the same period to 31.47 billion rupees; gross operating profit fell by about 4% year-on-year to 72.1 Billion rupees, of which the third quarter increased by about 76% year-on-year to 38.7 billion rupees; after-tax profit increased by about 21% year-on-year to 3.44 billion rupees, of which the third quarter increased by about 237% and 60.1% to 2.7 billion rupees.

The total debt at the end of the third quarter fell to 18.69 billion rupees from 201.9 billion rupees at the end of the previous fiscal year.
 


India JSL's stainless steel sales and profits continue to grow from October to December 2020
The separate performance report released by India Jindal Stainless Steel Co., Ltd. (JSL) on February 4 shows that thanks to the V-shaped recovery of stainless steel demand in the domestic market, its stainless steel in the third quarter of the 2020/2021 fiscal year (October-December 2020) Sales volume increased by about 5% and 8.8% from the same month to 25.56 million tons, net sales increased by nearly 9% and 9.4% from the same month to 34.52 billion rupees, and gross operating profit (EBITDA) increased by about 47% and 26.4% from the same month. To 4.45 billion rupees, after-tax profit increased by approximately 170% and 55.4% to 1.52 billion rupees. In this season, with the recovery of end-user industries in India, such as automobiles, pipelines, and industrial manufacturing, JSL performed well in sales of decorative pipes, hollow vessels, railway trucks, subways and other fields. In this quarter, its domestic sales increased by about 13% year-on-year, and its proportion increased from 79% in the same period last year to 85%; while exports fell by about 27% year-on-year, and its proportion fell from 21% in the same period last year to 15%. Due to continuous and accelerated deleveraging and rationalization of interest rates, JSL's interest costs for the quarter decreased by 16% year-on-year to 1.17 billion rupees.
 
In the first three quarters of fiscal 2021, JSL's stainless steel sales totaled 569,726 tons. Net sales alone fell by about 16% year-on-year to Rs 78.7 billion. Gross operating profit fell by about 6% year-on-year to Rs 8.74 billion. 7% to 16.3 billion rupees.
 
From the perspective of consolidated performance, the net sales of the first three quarters fell by about 16% year-on-year to Rs 82.75 billion, of which the third quarter increased by about 9% and 8.1% from the same period to 35.85 billion rupees; gross operating profit fell by about 4% year-on-year to 88.2 Billion rupees, of which the third quarter increased by about 58% year-on-year to 4.73 billion rupees; after-tax profit fell by about 9% year-on-year to 1.27 billion rupees, of which the third quarter increased by about 229% and 110.8% to 1.7 billion rupees.