Spanish stainless steel manufacturer Acerinox S.
A. announced financial and operating results for the first quarter of this year.
The company reported a net profit of €5 million in the quarter, compared with a net profit of €10 million in the first quarter of 2025, while its net sales were €1.38 billion, down 11.0% year-on-year. In addition, Acerinox's first-quarter EBITDA fell seven percent year-on-year to €95 million.
In the first quarter, the company's steel production fell three percent year-on-year to 471,000 tonnes. In addition, hot-rolled steel production increased three percent compared to the same quarter in 2025 to 36,000 tons, and cold-rolled steel production was 297,000 tons, down three percent year-on-year.
Acerinox said the first quarter of the year in Europe was heavily impacted by the implementation of the Carbon Adjustment Mechanism EU borders (CBAM), which officially came into force on 1 January. According to the company, the mechanism led to a significant reduction in imports, supporting domestic stainless steel producers. The company also noted that additional EU trade protection measures are expected to take effect on July 1 this year, further enhancing protection for European steelmakers.
In the United States, Acerinox stressed that Section 232 tariffs remain in place, helping to reduce
