Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Chile’s CAP Group posted an increase in revenue as well as profits in 2020 compared with the previous year on reduced operating costs, higher mining and steel sales, and higher steel prices.


The group’s consolidated revenue increased by 68.5pc to $2.7bn in 2020 against $1.6bn in 2019, while its gross profit increased to $890.7mn against $130.6mn during the same time frame. Operating profits tallied at $699mn in 2020, up significantly from a loss of $30mn in 2019, while net profits increased to $300mn in 2020 compared to $104mn loss the prior year. 


The Chilean conglomerate’s steelmaking arm, CAP Acero, however, achieved a net loss of $57mn in 2020, which was lower than the $114.1mn loss in 2019. CAP Acero’s revenues increased by 2.7pc to $488.1mn during this period. 


Chile’s CAP Group is involved in steelmaking and mining. Steel products include drawing wire rod, special bar quality (SBQ), and rebar bolts. Mining products include limestone, iron ore, and other materials. 

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