Luxembourg-headquartered global stainless steel producer Aperam SA, which was spun off by ArcelorMittal and separately listed in 2011, has announced its financial results for the second quarter and the first half of 2012. Accordingly, Aperam has posted a net loss for both the second quarter and the first half.
In the first six months of the year, Aperam registered a net loss of $39 million compared to a net profit of $27 million in the first six months of 2011. In the second quarter, the company posted a net loss of $28 million compared to a net profit of $2 million in the same quarter of the previous year.
Aperam's sales in the January-June period decreased to $2.76 billion, down 18.5 percent year on year, while its steel shipments amounted to 866,000 mt, decreasing by 2.8 percent year on year. In the second quarter, sales of the company amounted to $1.35 billion, down 21 percent year on year, while steel shipments in this period decreased by 1.36 percent year on year to 433,000 mt.