Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Luxembourgian steelmaker Aperam expects Q4 2020 to end in lesser net financial debts, as well as higher earnings before tax.


During January-September, shipments at its stainless and electrical steel division declined to 1.2mn mt ,worth €2.1bn ($2.5bn), from 1.3mn mt, valued at €2.5bn, during the same period in 2019. In Q3 2020, the shipments increased to 417,000mt, accounting for €664mn, against 401,000mt in Q3 2019, which raked in €771mn. 


In the specialty alloy division, sales in the nine-month period fell to 24,000mt, valued at €408mn, compared with 27,000mt, worth €437mn, in the same period last year. Q3 2020 saw sales decline to 7,000mt, from 8,000mt in Q3 2019, with value falling to €111mn from €128mn, respectively. 


The company’s consolidated sales tallied at €2.7bn in January-September 2020, down from €3.2bn last year. Q3’s total sales were €841mn, falling short of €972mn recorded in Q3 2019. 


Aperam’s EBITDA in the year till Sep 30 fell to €148mn from €184mn in the first nine months of 2019. In Q3 2020, this figure stood at €65mn, compared with €79mn in Q3 2019. 


€1 = $1.18

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