节点：中游（冶炼、中间品）位置：中游情绪：中性参考度：2/10
Acerinox S.A.披露2026年第一季度经营业绩。季度营业收入13.84亿欧元，同比下降11%。调整后EBITDA（息税折旧摊销前利润）达1.19亿欧元，较2025年第四季度的1.01亿欧元环比显著回升18%，盈利能力呈现阶段性改善。
粗钢产量方面，本季度完成49.3万公吨，环比增长22%，同比下降4%，生产端呈现恢复性增长态势。报告期内EBITDA为9500万欧元，其中包含2500万欧元库存调整影响，剔除该因素后核心经营利润表现稳健À..
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