Ferroglobe Q1 2026 sales rise 13%, adjusted EBITDA hits $3.3M amid cost pressures and trade boosts

Ferroglobe reported a 13.2% year-over-year sales increase to $347.7 million in Q1 2026, driven by higher volumes in silicon- and manganese-based alloys supported by trade measures and growing U.S. steel production. Despite volume gains, pricing pressures and rising costs in logistics and raw materials compressed margins, resulting in adjusted EBITDA of $3.3 million, down from $14.6 million in the prior quarter. The company is exploring growth opportunities by restarting Venezuelan operations and leveraging strategic shifts in U.S. and EU policies favoring domestic supply chains for critical materials. Ferroglobe ended the quarter with $96.4 million in cash and a net debt of $54.6 million, maintaining liquidity while managing cost challenges and paying dividends.