Spain-based Acerinox announced that the company will expect after taxes loss in 2012.In fact,the company has lost approximately€31 million(US$40 million)after taxes in the third quarter of this year and it would also expect another loss about€20 million in the fourth quarter of this year.Meanwhile,the company indicated that its plants in the US and South Africa have run at a higher rate in the first three quarters of this year,making its output in full 2012 higher,according to company.
However,the company expected that demand would recover and help to improve its financial result in 2013.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62173&division=A6
