Aperam's Q3 2025 Market & Financial Update

Aperam has confirmed its outlook for Q3 2025, reflecting expectations of a seasonal slowdown in shipments due to reduced demand during the European summer. This aligns with previous projections made in Q2. The adjusted EBITDA for Q3 is forecasted to be below the EUR 86 million recorded in Q1, with a consensus standing at EUR 77 million.

Despite stable market conditions in Brazil, Europe faces continued pricing pressure. There is limited optimism for a quick recovery as the order book does not display positive trends for 2025. Aperam continues its focus on deleveraging, expecting a reduction of EUR 200 million in net debt by the end of the year. Importantly, Leadership Journey Phase 5 progresses as planned, targeting gains of EUR 75 million.

The company will release its Q3 results on November 7, 2025, followed by a conference call to discuss financial performance.