Luxembourg-headquartered global stainless steel producer Aperam SA, which was spun off by ArcelorMittal and separately listed at the start of the year, has announced its financial results for the third quarter of the current year. Accordingly, Aperam has posted a net loss of $41 million in the third quarter.
In the given period, Asperam's sales increased by 10.7 percent to $1.52 billion, compared to $1.37 billion in the same quarter of 2010. Third quarter shipments amounted to 429,000 mt, decreasing by 6.7 percent compared to the corresponding quarter of the previous year.
Aperam SA said that its EBITDA was $62 million in the third quarter of 2011, compared to EBITDA of $66 million in the same quarter of 2010.
According to Aperam's statement, the international rating agency Standard & Poor's revised the company's outlook from ‘stable' to ‘negative', also affirming the ‘BB' long-term corporate credit rating of the company.