Spanish stainless steel producer Acerinox S.A. has announced its financial and operational results for the first quarter of the current year.
In the given quarter, the company reported a net profit of €5 million, compared to a net profit of €10 million in the first quarter of 2025, while its net sales amounted to €1.38 billion, dropping by 11.0 percent year on year. In addition, Acerinox’s EBITDA in the first quarter went down by seven percent year on year to €95 million.
In the first quarter, the company’s crude steel production decreased by three percent year on year to 471,000 mt. Also, its hot rolled product output rose by three percent compared to the same quarter of 2025 to 36,000 mt, while its cold rolled product production totaled 297,000 mt, down by three percent year on year.
Acerinox stated that the first quarter of the year in Europe was strongly influenced by the implementation of the EU’s Carbon Border Adjustment Mechanism (CBAM), which officially entered into force on January 1. According to the company, the mechanism has led to a significant decline in imports, supporting domestic stainless steel producers. The company also noted that additional EU trade defense measures are expected to take effect from July 1 this year, further strengthening protection for European steelmakers.
In the United States, Acerinox highlighted that Section 232 tariffs remain in place, contributing to a reduction in stainless steel imports’ market share from 24 percent to 21 percent. The company said the measures continue to support domestic producers, including its subsidiary North American Stainless (NAS). Bernardo Velázquez, CEO of Acerinox, emphasized that the company continues to advance its strategic growth plan despite ongoing geopolitical and trade-related shifts. He added that the projects included in Acerinox’s strategic plan, both for organic growth and operational efficiency improvements, are expected to strengthen the company’s position in the evolving global market environment.