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Economics

Stainless steel maker Aperam 'cautious' about third quarter

The company reported a 60 per cent increase in net income in the second quarter to €72.5 million.

27.07.2017

Aperam, a stainless and specialty steel producer with an annual production capacity of 2.5 million tonnes in 2016, said on Wednesday that the third quarter holds some challenges. Its shares fell on Thursday.

"We are cautious regarding the third quarter in view of strong seasonality and recent drops in raw material prices," Chief Executive Timoteo Di Maulo said in the company's second-quarter results statement. "We remain confident about the fundamentals of the stainless steel market and our ability to continuously enhance our performance."

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