The company's turnover in this period amounted to 3.2 billion Euros. Compared to the previous fiscal year, AST saw a 166% and 245% increase in electricity and natural gas costs, respectively.
According to the financial statements, in the 2021/2022 fiscal year, AST recorded an almost stable supply of stainless steel. In particular, shipments of cold rolled product (Laf) increased 4.6 percent y-o-y to 512 thousand tons, hot rolled product (Nac) shipments amounted to 205 thousand tons, up 4.6 percent y-o-y, pipe shipments decreased 29.8 percent y-o-y to 33 thousand tons.
The company's flat steel sales in this period were mainly concentrated in Italy (approximately 57.4% of the total volume). Supply to the European market was approximately 33.2%, while sales to third countries outside the EU were 9.4%.
The company expects to face challenges related to the global economic slowdown, high inflation and energy crisis in the coming financial year.
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