FINANCIAL ANALYSIS AND REPORTING ACERINOX - OUTOKUMPU TABLE OF CONTENTS I) II) description of the Sector subscriber line Philosophy & Long-term Objectives a. subscriber line philosophy Acerinox Outokumpu Acerinox Outokumpu b. Long-run corporate objectives III) Sources of Risks & write up Policies a. Downside risks touch the company and stakeholders Capital structure risks Market risks price risks accredit risks Social risks Acerinox and Outokumpu wear always overcome challenges so farther Best geographical asset distribution Acerinox Outokumpu b. upside risks - c. accounting system policies IV) Conclusion I) DESCRIPTION OF THE SECTOR A fresh tone at a challenged sedulousness Acerinox and Outokumpu are two major(ip) players of the surface industry. Stainless steel re importants a intriguing industry, misfortunate from overcapacity, a lack of leadership and excessive volatility. Acerinox has through with(p) a good job of return ing to profit and continues to trust for early Asian growth, but low visibility on the industrys sustainable profitability and on the eonline for the assiduity of overcapacity is deterring investors. more(prenominal)(prenominal) structural change is required, such as the emergence of a market leader.
The global virtuous steel market totals more or less 30 million tons and has a value of near EUR 80 billion.Likewise, there are enormous differences among the three main geographical areas: read recovery in the Asian market, note recovery in Europe bear on by overcapacity, and higher(prenominal) strength in the North American market. global demand for stainles! s steel increased significantly in 2010 as the world embarked on a recovery from the pecuniary crisis. Overall, stainless steel production increased by 25% in 2010, following a decline of 5% in 2009 (ISSF). It was time of recovery and inventory replenishment, although it has been featured by the warm visible prices oscillations and the uncertainty in the international financial markets, which have caused mini-cycles of...If you inadequacy to get a full essay, order it on our website:
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