Aperam Posts Third-Quarter Earnings Miss on Weak European Demand
Aperam reported worse-than-expected third-quarter core earnings as European demand and stainless and electrical steel prices failed to pick up.
European stainless steel producer Aperam EURONEXT:APAM reported worse-than-expected third-quarter core earnings on Friday, as demand in Europe and prices of stainless and electrical steel failed to pick up.Low steel prices in Europe, weighed down by cheap Asian imports, had pushed Aperam to diversi…