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Acerinox falls after guiding for lower Q4 earnings

By Reuters News08:15 (UTC), 30 October 2026 Updated

** 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)

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