July 24 (Reuters) - Spanish steelmaker Acerinox (ACX.MC) , opens new tab expects its third-quarter core profit (EBITDA) to be similar to that of the second quarter, it said on Wednesday, citing a gradual recovery in the European market and a stronger U.S. business.

The group reported a 47% year-on-year drop in its second-quarter EBITDA to 125 million euros ($135.55 million), dragged by a five-month strike at its Spanish mill.

Acerinox said it recorded an impact of 28 million euros to its April-June core profit from the strike.

Workers in the Cadiz steel mill resumed their activities at the end of June after they reached a deal with the company on new contracts that include wage increases.

The Acerinox shares were up 2% at 0723 GMT.

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https://www.reuters.com/markets/commodities/acerinox-q2-net-profit-falls-due-spanish-strike-2024-07-24/