By Billy Gray
Aperam swung to a third-quarter net loss, saying its results reflected challenging market conditions due to price pressure and a seasonal volume slowdown, as European steelmakers grapple with tariffs and competition from lower-cost rivals.
The Luxembourg-based steel group on Friday posted a net loss of 21 million euros ($24.2 million) for the quarter, compared with a profit of 179 million euros in the prior-year period. It said revenue fell to 1.41 billion euros from 1.49 billion euros.
Third-quarter adjusted earnings before interest, taxes, depreciation and amortization fell to 74 million euros compared with 99 million euros in the prior year period. This compared with analysts' expectations of 76 million euros, according to consensus estimates compiled by the company.
Aperam said it expects adjusted Ebitda in the fourth quarter to be slightly lower than in the third quarter.
"While our third-quarter performance clearly reflects the seasonal slowdown and continued price pressure across all our businesses in Europe, we remain focused on our transformation and the factors within our control," said Timoteo Di Maulo, the group's chief executive.
The European Union last month proposed a 50% tariff on steel imports above a certain quota in an effort to shield its struggling sector from overcapacity, after steelmakers voiced concerns about imports entering the bloc after the U.S. introduced its own trade duties earlier this year.
At the time, Aperam said it welcomed the EU plan to address excess capacity, adding that this issue had placed significant pressure on European producers and undermined fair competition.
Write to Billy Gray at william.gray@wsj.com
(END) Dow Jones Newswires
November 07, 2025 02:56 ET (07:56 GMT)
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