Acerinox reports €162 million net profit for first nine months
EBITDA rises 46% to €470 million, while third-quarter EBITDA reaches €199 million, up 13% from the prior quarter.
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EBITDA rises 46% to €470 million, while third-quarter EBITDA reaches €199 million, up 13% from the prior quarter.
Sales declined 9.6% to €475.6 million, while the order book stabilized at €1,162.4 million. The company focuses on normalizing Abu Dhabi operations and improving cash generation for 2027.
The facility links Minnesota iron ore mines to the Big River Steel Works, creating 200 permanent jobs and boosting sustainable steel production via electric arc furnaces.
Net loss reached $130 million due to lower volumes. The company completed its transition to electric arc furnace steelmaking.
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