[SMM Stainless Steel Market Flash] Aperam Expands Brazil Capacity and Moves Further Downstream with Magnetec Deal

Published: Apr 30, 2026 22:25

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Aperam will invest €10 million to remove a cold-rolling bottleneck at its Timóteo facility in Brazil, targeting a 5% capacity increase by mid-2027. The company also completed the acquisition of Magnetec on April 1, 2026 and created Aperam Magnetic Components, extending its downstream exposure into higher-value magnetic solutions for EVs, energy, and aerospace. The move shows Aperam is continuing to push its stainless and specialty materials chain further into value-added end markets.

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