Acerinox traded at 12.39 this Thursday March 26th, decreasing 0.14 or 1.12 percent since the previous trading session. Looking back, over the last four weeks, Acerinox lost 8.43 percent. Over the last 12 months, its price rose by 11.02 percent. Looking ahead, we forecast Acerinox to be priced at 12.00 by the end of this quarter and at 10.98 in one year, according to Trading Economics global macro models projections and analysts expectations.
Acerinox SA is a Spain-based company active in the steel sector. It is engaged in the manufacturing, alloy and distribution of flat and long stainless steel products. The Company’s activities are divided into three business segments: Flat stainless steel products, which offers slabs, flats, coils, plates, sheets, circles and flat bars; Long stainless steel products, which provides bars, angles, wires and wire rod, and Other, which includes other stainless steel products. The Company owns factories, warehouses, service centers and representative office in Europe, the Americas, Asia, Oceania and Africa. The Company is a parent of the Acerinox Group, which comprises a number of subsidiaries, such as Acerinox Europa SAU, North American Stainless Inc, Columbus Stainless Pty Ltd, Bahru Stainless SDN BHD, Roldan SA and Inoxfil SA.