Aperam Misses Q3 Earnings Estimates

Aperam reported lower third quarter core earnings of 105 million euros, missing analyst forecasts due to weak seasonal demand and low steel prices in Europe.

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FILE PHOTO: Stainless metal coils are seen at the Belgian site of stainless steel maker Aperam in Genk, Belgium September 22, 2022. REUTERS/Yves Herman/File Photo

APERAM posted adjusted core earnings of €105 million ($118 million) for the third quarter on Friday morning, missing the €111.4 million analyst consensus. The European stainless steel producer cited weak seasonal demand across the region.