Swiss Steel announced that at 410 kilotons, 23.5 % more steel was sold in the third quarter of 2021 than in the same quarter of the previous year (Q3 2020: 332 kilotons), reflecting the ongoing post COVID-19 recovery in the major end markets. The average sales proceeds per ton of steel continued to rise in the third quarter of 2021 on the back of climbing raw material prices and, at EUR 1,868, was significantly higher than the average sales proceeds achieved in the same quarter of the previous year (Q3 2020: EUR 1,534 per ton). The increased sales volumes and positive price development led to revenue of EUR 765.0 million, an increase of 50.2 % on the prior-year quarter (Q3 2020: EUR 509.4 million). The uptick in revenue was spread across all product groups, with the strongest growth in quality and engineering steel. By region, revenue increased in all sales markets. Europe, our largest sales market, which was hit particularly hard by the measures to contain the COVID-19 pandemic in the prior-year quarter, saw sales increase by 55.8 %.At EUR 41.8 million in the third quarter of 2021, adjusted EBITDA was considerably higher than in the prior-year quarter (Q3 2020: EUR - 21.1 million). One-time effects amounted to EUR 0.3 million. Including these one-time effects, EBITDA was EUR 41.5 million (Q3 2020: EUR - 28.8 million). In the third quarter, the adjusted EBITDA margin rose to 5.5 % (Q3 2020: - 4.1 %) and the EBITDA margin to 5.4 % (Q3 2020: - 5.7 %).Outlook for fiscal year 2021 - Extremely volatile input prices combined with rapidly shifting demand patterns on the part of our customers in the automotive industry are significantly impairing the ability to forecast future market trends and performance. Our focus over the coming weeks and months will be to react swiftly and flexibly to fluctuations in demand and volatile factor costs. Despite a momentary softening of demand from the automotive industry, high raw material prices and extreme volatility in energy prices, we confirm our guidance of adjusted EBITDA in the range of EUR 150 to EUR 180 million for 2021.