Acerinox falls after guiding for lower Q4 earnings

Aperam SA

30/10/2026 08:15

** Shares in Acerinox ACX.MC fall 3% as the Spanish steelmaker guides for lower Q4 earnings
** Acerinox beat Q3 profit expectations but said its core earnings would be sequentially lower in Q4 due to typical year-end seasonality
** Earnings will be affected by a downturn in the US, Renta 4 says, owing to the uncertainty in the run-up to the midterm elections, coupled with the Thanksgiving and Christmas holidays
** "Management commentary suggests a slow recovery in Europe with a timeline expected into early 2027 and continued cost impact from higher transport and electricity costs," J.P. Morgan says
** Despite the session's fall, the stock has gained about 30% YTD
** Stainless steel peers Aperam APAM.AS and Outokumpu <OUT1V.HE> fall 1.6% and 2%, respectively
     
     
($1 = 0.8957 euros)

(Reporting by Javi West Larrañaga)
((javier.west@thomsonreuters.com; +34 918 35 61 12))