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
On April 22, Nucor released its quarterly financial report. The report shows that in the first quarter of 2021, Nucor Steel’s consolidated net profit reached US$942 million, an increase of US$543 million from the US$399 million in the fourth quarter of 2020, which was the highest quarterly record since the company was founded.
In the first quarter of 2021, Nucor Steel’s consolidated net sales were US$7.02 billion, an increase of 33% from the US$5.26 billion in the fourth quarter of 2020, and an increase of 25% from the US$5.62 billion in the first quarter of 2020.
In the first quarter of 2021, Nucor Steel’s steel exports increased by 11% compared with the fourth quarter of 2020, which was a slight decrease compared with the same period in 2020; the US internal market sales accounted for 21% of its total sales, an increase from the first quarter of 20201 %.
Sweden’s total steel revenue rose 16% quarter-on-quarter
On April 26, the Swedish Steel Company (SSAB) released its quarterly financial report. SSAB’s total operating income in the first quarter was 19.661 billion kronor (approximately US$2.357 billion), an increase of 5% year-on-year and a quarter-on-quarter increase of 16%; profit was 1.993 billion kronor (approximately US$239 million), an increase of 1.65 billion kronor (approximately) (US$198 million), a quarter-on-quarter increase of 1.436 billion kronor (approximately US$172 million); after-tax profit was 1.510 billion kronor (approximately US$181 million), and EBITDA (earnings before tax, interest, depreciation and amortization) was 2.86 billion kronor (About US$343 million).
The report also pointed out that SSAB’s crude steel output in the first quarter was 2.103 million tons, a year-on-year increase of 1%, and a quarter-on-quarter decrease of 2%; rolled steel output was 1.935 million tons, a year-on-year decrease of 1% and a quarter-on-quarter decrease of 2%. Crude steel shipments in the first quarter were 1.837 million tons, an increase of 3% year-on-year and ring-on-quarter.
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