Celsa will generate record revenues in 2021. Celsa Group, one of the world's largest long steel producers, plans to close 2021 with a record turnover in its history. The company forecasts revenue of 5.2 billion euros by 2021, which is almost 2 billion euros more than in 2020.
Several factors came together: Celsa avoided rising raw material costs, as 93% of the steel it produces comes from scrap metal that the group collects itself, and because its furnaces are electric it emits 20 times less CO2 than its competitors. Incinerators, currently key to the price of emissions rights, have quadrupled compared to the pandemic.
In addition, the raw material market has been regionalized this year with major producers such as China and Russia setting rates to limit exports of steel and other materials and focus on their own supplies.
According to Francesc Rubiralta Rubió, CEO of Celsa, there are three keys to the progress of revenues that will easily exceed pre-pandemic revenues: expansionary policies of the economic recovery, slowdown in incentives for steel exports by China, and enlargement of the European Union's safeguards against steel from Russia. states that it is.
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