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The first quarter transcripts of the five major steel companies are released

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The first quarter transcripts of the five major steel companies are released

June 02
20:21 2021
The first quarter transcripts of the five major steel companies are released
Anmi Steel’s shipment volume increased by 6.5% quarter-on-quarter

On May 6, ArcelorMittal (hereinafter referred to as Ami) released its quarterly financial report. In the first quarter of 2021, Anmi’s crude steel shipments reached 16.5 million tons, a quarter-on-quarter increase of 6.5%. The company’s overall operating conditions improved significantly in the first quarter, mainly due to the continuous rebound in steel demand.

In the first quarter of 2021, Anmi’s total operating income was US$2.6 billion, and the total operating income in the fourth quarter of 2020 was US$2 billion, an increase of US$600 million quarter-on-quarter; net income was US$2.3 billion, and the fourth quarter of 2020 was 12 Billion U.S. dollars, a quarter-on-quarter increase of 1.1 billion U.S. dollars; EBITDA (earnings before interest, tax, depreciation and amortization) was 3.2 billion U.S. dollars.

Anmi’s CEO Aditya Mittal commented in the report: “The first quarter of 2021 is the best quarter for Anmi in the past 10 years. In the rest of 2021, we will continue Give full play to cost advantages to further promote the sustainable development of the company.”

POSCO achieves consolidated profit of 1.029 billion U.S. dollars

Recently, POSCO released its quarterly financial report. In the first quarter of 2021, POSCO Group achieved consolidated operating income of 16,068.7 billion won (approximately USD 14.516 billion), an increase of 11.50% year-on-year and 5.30% quarter-on-quarter; consolidated profit of 1,138.8 billion won (approximately USD 1.029 billion).

According to separate financial statement data, POSCO achieved operating income of 7.800.4 billion won (approximately US$7.047 billion) in the first quarter of 2021, an increase of 11.90% year-on-year and a quarter-on-quarter increase of 10.20%; realized profit of 952.2 billion won (approximately 8.60) One hundred million U.S. dollars).

India’s Tata crude steel production hits a record

On May 5th, India’s Tata Group released its quarterly financial report. The output of crude steel in the fourth quarter of the 2020-2021 fiscal year (January 2021 to March 2021) reached a record 4.75 million tons, a quarter-on-quarter increase of 3%; Shipment volume was 4.67 million tons, a year-on-year increase of 16%; EBITDA (earnings before interest, tax, depreciation and amortization) was 12.295 billion rupees (approximately US$167 million), a quarter-on-quarter increase of 40%, an increase of approximately 2.7 times, breaking the highest record in history.

In the fourth quarter of fiscal year 2020-2021, Tata Group’s consolidated crude steel production was 8.2 million tons and shipments were 7.83 million tons; consolidated EBITDA was 14.29 billion rupees (approximately US$194 million), and consolidated after-tax profit was 7.162 billion. Rupee (about 95 million US dollars).

Nucor Steel’s profit innovation reaches 942 million U.S. dollars.

Media Contact
Company Name: Foshan Hermdeco Steel Co., Ltd.
Email: Send Email
Phone: +86-757-29273045
Country: China
Website: https://www.hermessteel.net/

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