Aperam withdraws from its credit rating services
by Hans Diederichs
Timoteo Di Maulo, CEO Aperam commented: ‘Given our low level of debt and the nature of funding needs, credit rating services were no longer considered necessary. We reaffirm our commitment to maintain investment grade financial ratios.
Aperam is a global player in stainless, electrical and specialty steel, with customers in over 40 countries. The business is organized in three primary operating segments: Stainless & Electrical Steel, Services & Solutions and Alloys & Specialties.
Aperam has 2.5 million tonnes of flat Stainless and Electrical steel capacity in Brazil and Europe and is a leader in high value specialty products. Aperam has a highly integrated distribution, processing and services network and a unique capability to produce stainless and specialty from low cost biomass (charcoal). Its industrial network is spread in six production facilities located in Brazil, Belgium and France.
In 2018, Aperam had sales of EUR 4,677 million and steel shipments of 1.97 million tonnes.
Source and photo: Aperam