What Aperam does

Aperam S.A. is a Luxembourg-headquartered global producer of stainless steel, electrical steel, and specialty alloys, founded in 2011 as a carve-out from ArcelorMittal and listed on Euronext (APAM) and OTCQX (APEMY). The company operates 16 production facilities across Brazil, Belgium, France, the United States, India, and China with 2.5 million tonnes of flat stainless and electrical steel capacity, serving automotive, transport, energy, food & beverage, construction, aerospace, electrical equipment, and emerging electric mobility markets across 40 countries. Its product portfolio includes five stainless steel grades (austenitic, ferritic, martensitic, duplex, heat resisting), high-performance nickel and cobalt alloys under the IMPHY® brand, electrical steels (NGO and HGO), carbon steels, and titanium recycling services.

The company's revenue model is based on B2B hardware sales of these steel and alloy products, priced through quote-based enterprise contracts with monthly alloy surcharges that fluctuate based on nickel, chromium, and molybdenum raw material costs. Aperam distributes through direct sales from production facilities, a global network of service centres in 12+ locations, transformation centres for value-added processing, and the proprietary e-aperam 24/7 online ordering platform. Recent product innovations include the patented Grade 316A austenitic stainless steel (75% less molybdenum than 316L) and the slinky in-plane helical winding production method for FeCo alloys used in high-performance electric motors. The company pursues a vertically integrated circular economy model including the ELG recycling subsidiary, BioEnergia renewable energy operations in Brazil, and the Botanickel joint venture for phytomining-based sustainable nickel extraction.

Aperam operates the Leadership Journey transformation program (currently Phase 6, targeting EUR 150 million in cumulative gains through 2028) and completed two strategic acquisitions in 2025-2026: Universal Stainless & Alloy Products ($415 million, January 2025, establishing U.S. manufacturing footprint) and Magnetec (April 2026, creating Aperam Magnetic Components for EV, energy, and aerospace). FY2025 revenue was EUR 6,080 million with Q2 2026 delivering EUR 1,689 million and adjusted EBITDA of EUR 130 million, the strongest quarter in four years, supported by industry-leading carbon footprint (0.4 tons CO2e/ton of crude steel) and favorable EU Carbon Border Adjustment Mechanism positioning.

Name

Aperam

Legal name

Aperam S.A.

Website

https://aperam.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Aperam is a Luxembourg-headquartered global producer of stainless steel, electrical steel, and specialty alloys serving automotive, aerospace, energy, and construction markets across 40 countries, with 16 production facilities and 2.5 million tonnes of capacity in Europe, Brazil, and the U.S.

Ownership category

akta.pro rank

Product category

Stainless Steel and Specialty Alloys Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (331110), Nonferrous Metal (except Aluminum) Smelting and Refining (331410), Plate Work and Fabricated Structural Product Manufacturing (33231)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ)

akta.pro secondary industry

Stainless Steel & High-Temperature Alloy Scrap (Stainless, Inconel, Titanium, Specialty Alloys) (IMAKAMAC)

Keywords

• Stainless steel manufacturing
• Specialty alloys production
• Electrical steel products
• Nickel cobalt alloys
• Flat steel products

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices21 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Stainless Steel Products: Aperam generates revenue primarily through the sale of stainless steel products including coils, sheets, tubes, discs, flat bars, precision strips, and heavy plates. The company sells directly to customers through service centres and direct sales from production facilities. Pricing includes base prices plus alloy surcharges that fluctuate based on raw material costs.
2. Alloys (Nickel and Cobalt): High-performance nickel and cobalt alloys serving aerospace, energy, medical, and industrial applications. Products include bars, plates, strips, and specialty forms sold through IMPHY SERVICE stocks and direct sales.
3. Electrical Steel Products: Non-oriented (NGO) and grain-oriented (HGO) electrical steels for electric motors, generators, transformers, and renewable energy applications. Sold in various forms including sheets and specialized profiles.
4. Carbon Steel Products: Medium, high, and alloyed carbon steels available as hot rolled coils, heavy plates, and slabs targeting agricultural, automotive, and tools industries.
5. Recycling Services: ELG recycling operations and titanium recycling services generating revenue from processing scrap metals and providing recycled materials back into production.
6. Transformation Services: Further processing and value-added services including cutting, shaping, and customization of steel products for specific customer requirements.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Aperam manufactures and sells stainless steel (austenitic, ferritic, martensitic, duplex, and heat-resisting grades), electrical steels (NGO and HGO), high-performance nickel and cobalt alloys, and carbon steel products in forms including coils, sheets, tubes, discs, flat bars, precision strips, and heavy plates. The company operates production facilities in Europe and Brazil with 2.5 million tonnes of flat stainless steel capacity, and serves automotive, aerospace, energy, construction, food and beverage, and industrial markets through a global network of service centres and direct sales.

Product overview

Aperam is a global stainless, electrical, and specialty steel producer offering a diversified portfolio of materials and solutions. The core product lines include Stainless Steel (available in five grades: Austenitic, Ferritic, Martensitic, Duplex, and Heat Resisting, offered in forms including coils, sheets, tubes, discs, flat bars, precision strips, and heavy plates), Alloys (high-performance Nickel and Cobalt alloys for aerospace, energy, medical, and mobility), Electrical Steel (high permeability for electric motors and transformers), and Carbon Steel (medium to high carbon steels). Notable product innovations include Grade 316A (a patented austenitic stainless steel alternative to 316L with 75% less molybdenum) and the IMPHY® AFK iron-cobalt alloy family for high-performance electric motors. The company operates through business units including e-aperam (digital commerce platform), Aperam infinite™ (near-zero footprint premium products), Magnetec (magnetic solutions for EVs, energy, and aerospace acquired in 2026), ELG/recycling operations, BioEnergia, and Botanickel (nickel extraction joint venture). The Leadership Journey® Phase 6 strategic initiative targets EUR 150 million in gains through 2028. The company serves automotive, transport, energy, food & beverage, construction, healthcare, and aerospace industries across 40 countries.

Differentiator

Problem solved

Functional benefit

Brands

• ELG: Recycling operations subsidiary handling metal recycling and sustainable materials processing
• BioEnergia
• KARA
• IMPHY
• Aperam infinite™
• Aperam Innovation Lab

Products and services

• Stainless Steel Corrosion-resistant alloy of iron, chromium, and other elements available in five grades (Austenitic, Ferritic, Martensitic, Duplex, Heat Resisting) and forms including coils, sheets, tubes, discs, flat bars, precision strips, and heavy plates. Serves automotive, transport, energy, food & beverage, construction, and healthcare industries.
• Nickel and Cobalt Alloys High-performance nickel and cobalt alloys serving aerospace, energy, medical, electronics, and mobility markets. Products include bars, plates, bimetal, clad metal, cold rolled strip, wire rod, drawn and flat wire, magnetic cores, and stamped parts.
• Electrical Steel High permeability electrical steels including non-oriented (NGO) and grain-oriented (HGO) varieties for energy efficiency in electric motors, hydro-generators, wind generators, transformers, and compressors.
• Carbon Steel Medium-, high-, and alloyed carbon steels available as hot rolled coils (2 to 12.70mm thickness), heavy plates (16 to 38mm), and slabs (200mm thickness) in widths 980-1,500mm. Serves agriculture, automotive, and tools sectors.
• Grade 316A Stainless Steel
• KARA Ferritic Stainless Steel Aperam's brand for ferritic stainless steels that do not contain nickel, providing price stability and immunity from nickel price volatility. Used in construction, car exhaust systems, cooking utensils, boilers, and domestic appliances.
• IMPHY AFK Iron-Cobalt Alloys AFK family of iron-cobalt alloys including IMPHY AFK1, AFK18, and AFK502R, offering the highest saturation induction among known magnetic materials. Used in high-performance electric motors for aviation, eVTOL aircraft, and hypercars.
• Aperam infinite Premium stainless steel products with near-zero carbon footprint, supporting the company's circular economy vision for customers with strict carbon reduction requirements.
• e-aperam Online Platform 24/7 online shopping platform enabling customers to place stainless steel orders, check mill certificates of quality, invoices, and other order-related documents.
• ELG Recycling Services Stainless and specialty steel recycling operations converting scrap into high-quality materials, part of Aperam's circular economy approach. Includes titanium recycling through the new Aperam Recycling Advanced Metals (formerly ELG Utica Alloys).
• Transformation Services Further processing and value-added services including cutting, shaping, and customization of steel products, such as stainless steel tubes, HRAP products, flat bars, and narrow strips, offered through transformation centres in Czech Republic, Luxembourg, and Brazil.

Quantifiable outcome

• 316A delivers up to 25% lower alloy surcharge compared to 316L
• +5 more outcomes

Segments12 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and minor.

• BotanickelcoreStrategic or Co-development Partner · 1 January 2023Joint venture between Aperam and Econick launched in 2023 for phytomining operations in Sabah, Malaysia. Uses hyperaccumulator plants to extract nickel from ultramafic soil, producing bio-ash processed in France. Sustainable nickel supplied to Aperam at premium price for stainless steel production. Generates bio-fertilizer and electricity as by-products with operations involving local communities. Produces 99% pure nickel with near-zero emissions.
• IperionXminorStrategic or Co-development PartnerPartnership for sustainable titanium processing as highlighted in High Performance Alloys market analysis. Collaboration aimed at advancing sustainable titanium supply chain capabilities.

Scale indicators17 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat6 records

Key highlights7 records

Customer concentration

• Xx.com/aperam_iberica
• Facebookfacebook.com/APERAM-141612805905786
• LinkedInlinkedin.com/company/aperam

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aperam