Aperam's Q2 2026 Market and Financial Outlook

Aperam S.A. released an update on its Q2 2026 expectations, maintaining its previously given guidance. Adjusted EBITDA is projected to be significantly above Q1's EUR 90 million, backed by Brazil's seasonal recovery and reduced import volumes boosting European mill utilization.

The company anticipates valuation gains, with net financial debt expected to decrease slightly from Q1 levels. Aperam cites continued capital efficiency as a driving force behind its deleveraging strategy. The consensus for Q2's adjusted EBITDA stands at EUR 121 million.

Despite challenging European demand, adjustments in trade defense and the initiation of CBAM suggest a more robust market environment. Performance in Alloys & Specialities remains strong, supported by orders in LNG and aerospace sectors.