Euroacciai S.r.l., Villa Carcina, Brescia-based Italian flat steel service center focused on cutting and distribution of stainless steel flat products, has announced its 2010 financial results.
Accordingly, in 2010 Euroacciai's sales revenue soared by 59 percent compared to 2009 reaching €69.537 million, while its net profit rose to €317,000, up 73.55 percent year on year.
Euroacciai stated that it benefitted from the overall increase in stainless steel quotations which started in 2009 and which has been closely linked to the uptrend in nickel prices. Euroacciai sees the forecast for 2011 as positive, as the company will commission a new levelling line with the aim of boosting its strong financial performance.