A 19.4 million euro profit, means an improvement of 181.4 million euro compared to that of the previous quarter
- The improvement of the market situation during the third quarter together with the joint effects of the Excellence Plan 2009-2010 and the adjustment plan have determined a change of trend in the Group results
- Despite its improvement, the stainless steel market is still awaiting an environment of steadier growth
- The strategic advantages of the Group global presence are strengthened in a situation of economic uncertainty
- The extraordinary negative circumstances of the market suffered since the first half of 2008 have been overcome
The improvement of the demand experienced during this quarter will tend to slow  down towards the end of the year. Acerinox says 'We notice a trend in the stainless steel supplying chain of lowering their debt and inventories affecting the market. A reduction of our order book may be therefore expected although we also hope to keep a positive result.
'In 2010 we expect an increase of the demand between 6% to 10% and therefore a recovery of the market conditions.Consequently, we expect a price improvement in the first quarter.'