{
 "as_of": "2026-11-06",
 "cmr": "lu-cm-kg/XLUX/LU0569974404",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Aperam (LuxSE Regulated Market: LU0569974404) — research page\n\nAs of 2026-11-06 · lu-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Aperam, listed on the LuxSE Regulated Market under ticker LU0569974404 and ISIN LU0569974404. Its LEI is 5493001136GE6L4R7M63. Security type, segment, sector and jurisdiction are not on the record. Its status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 37 filings across 35 filing days in the window 2025-11-06 to 2026-11-06. By type, the record holds 1 annual financial and audit report, 1 half-yearly financial and audit report or limited review, 13 inside information or ad hoc information filings, 17 managers' transactions and 5 quarterly financial reports. The median gap between filing days is 6.0 days. The latest filing is dated 2026-11-06 and is a quarterly financial report, 0 days before the record date of 2026-11-06. The LuxSE Regulated Market peer group holds 14 issuers, a median cadence gap of 6.0 days, a median of 17.0 filings and a median latency of 14 days. The issuer's 37 filings are above the exchange median of 17.0. Sector peer figures are not on the record for this market.\n\n## Auditor\n\nThe auditor of record is not on the record, and its location is not on the record. Auditor changes are not on the record, as this register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag is listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/lu/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 11 research houses: Alphavalue, Citi, Degroof Petercam, Deutsche Bank, Exane BNP Paribas, ING, Jefferies, JP Morgan, Kepler Cheuvreux, Morgan Stanley and Oddo BHF.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, the market earliest sealed date is not on the record, and the live record began is not on the record.\n\n## Sources\n\n6 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://firds.esma.europa.eu/firds/ (identity.exchange)\n- https://mcp.lu-cm-kg.ai/events/XLUX/LU0569974404 (the disclosure lines)\n- https://www.luxse.com (Latest suspensions; GraphQL https://graphqlaz.luxse.com/v1/graphql securitiesLatestSuspension) (the halt flag)\n- https://mcp.lu-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.aperam.com/investors/equity-investors/analyst-coverage/ (coverage)\n- https://mcp.lu-cm-kg.ai/record/XLUX/LU0569974404 (the record)\n",
 "market": "LU",
 "node": "lu-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the LU vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "LU",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "LU",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "LU",
    "state": "not_on_record"
   },
   "changes": {
    "market": "LU",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "lu-cm-kg/XLUX/LU0569974404",
  "coverage": {
   "count": 11,
   "houses": [
    {
     "analyst": "Fabrice Farigoule",
     "house": "Alphavalue",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.aperam.com/investors/equity-investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Krishan Agarwal",
     "house": "Citi",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.aperam.com/investors/equity-investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Frank Claassen",
     "house": "Degroof Petercam",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.aperam.com/investors/equity-investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Bastian Synagowitz",
     "house": "Deutsche Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.aperam.com/investors/equity-investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Tristan Gresser",
     "house": "Exane BNP Paribas",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.aperam.com/investors/equity-investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Stijn Demeester",
     "house": "ING",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.aperam.com/investors/equity-investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Tommaso Castello",
     "house": "Jefferies",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.aperam.com/investors/equity-investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Dominic O’Kane",
     "house": "JP Morgan",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.aperam.com/investors/equity-investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Inigo Egusquiza",
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.aperam.com/investors/equity-investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Adahna Ekoku",
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.aperam.com/investors/equity-investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Maxim Kogge",
     "house": "Oddo BHF",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.aperam.com/investors/equity-investors/analyst-coverage/",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.aperam.com/investors/equity-investors/analyst-coverage/",
     "result": "read: 11 of 22 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 14,
     "median_cadence_gap_days": 6,
     "median_filings": 17,
     "median_latency_days": 14,
     "name": "LuxSE Regulated Market"
    },
    "sector": {
     "market": "LU",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "Annual financial and audit reports": 1,
    "Half yearly fcial & audit reports / ltd reviews": 1,
    "Inside Information / Ad Hoc Information": 13,
    "Managers’ transactions": 17,
    "Quarterly financial report": 5
   },
   "cadence_median_gap_days": 6,
   "filing_days": 35,
   "filings": 37,
   "latency_days": 0,
   "latest": [
    {
     "category": "Quarterly financial report",
     "date": "2026-11-06",
     "source": "https://dl.luxse.com/dl?v=k+62UDMTzX4jZSOC5PSPqEYfgVJSpwPv3lWd/CF+UjLRAclb0rpx3+2Zf3E0tld5ZLX2uaz+ECa2YioWkfFWG3ZG5ItxEqhTPp6ea+pvYPLePLUfubrnKrgHt0ILoC5g",
     "title": "Quarterly financial report - EN",
     "type": "Quarterly financial report"
    },
    {
     "category": "Inside Information / Ad Hoc Information",
     "date": "2026-10-06",
     "source": "https://dl.luxse.com/dl?v=Ss/ng9ciRpyLyATwqxehgwb7VKH8EJwWatOPifmuJKyxYnpRK70bxJMC55nDWZjdW5knPS8pAQj2eV+E0v5SEUCvzVMJwZXFftXZ9k/I/xflZ1tqcMfDGewD9i2VW240kNrtvP3AOetG6akc5p/AkF1sYffYXGPhL9wvJnng/JlA2WuASHNhhz6zOJVkaIuLBq5GdcY2yGQSLUCSJkAi/Q==",
     "title": "Inside Information / Ad Hoc Information - Aperam update on Q3 2026 market & financial trends - EN",
     "type": "Inside Information / Ad Hoc Information"
    },
    {
     "category": "Managers’ transactions",
     "date": "2026-09-30",
     "source": "https://dl.luxse.com/dl?v=T655135UNgw+AI4PSZGTn6+Z3amP0db5QoVlxNS2o+XtEB5rPwWhmH4qRX2fRybBoSRWqnc4qqHVxo8zv1aIoQmUuBCVJZVg2hcZKDIxJYB1zhgqmJMzEmMU48qtc+TY",
     "title": "Managers’ transactions - EN",
     "type": "Managers’ transactions"
    },
    {
     "category": "Managers’ transactions",
     "date": "2026-09-08",
     "source": "https://dl.luxse.com/dl?v=8Gy3TFdNUsu9OmUm0QtGiFqh8vOIRvoRatpe0/XGkP4aozQTrBRHzHDDt/w936VYttGtVK31DK7MH4zaplAIjjTJa8XhOFGB63bhEqpvhESzOlMMHfsuvW8nUe8f/7Va",
     "title": "Managers’ transactions - EN",
     "type": "Managers’ transactions"
    },
    {
     "category": "Managers’ transactions",
     "date": "2026-08-14",
     "source": "https://dl.luxse.com/dl?v=DkzLd3atrZK4vU5MwCVzIoH+zrWJ95bVi38KxPt5TzgcVQiBwx6++LDY5S5e8uxr+RqM0o9cUXxZ6jWun5HcQRz4vne3FgFB6GI/ZA+QJHZ14Ep1qogaIoTs8aTFn6OA",
     "title": "Managers’ transactions - EN",
     "type": "Managers’ transactions"
    }
   ],
   "latest_filing_date": "2026-11-06",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.lu-cm-kg.ai/events/XLUX/LU0569974404",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "ESMA FIRDS full equity files 2026-11-07 (registers.esma.europa.eu Solr file index (esma_registers_firds_files)); CFI ES*, MIC in ['EMTF', 'XLUX'], no termination date",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/",
    "state": "sourced",
    "value": "LuxSE Regulated Market"
   },
   "isin": {
    "read_by": "ESMA FIRDS full equity files 2026-11-07 (registers.esma.europa.eu Solr file index (esma_registers_firds_files)); CFI ES*, MIC in ['EMTF', 'XLUX'], no termination date",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/",
    "state": "sourced",
    "value": "LU0569974404"
   },
   "jurisdiction": {
    "market": "LU",
    "state": "not_on_record"
   },
   "lei": {
    "read_by": "ESMA FIRDS full equity files 2026-11-07 (registers.esma.europa.eu Solr file index (esma_registers_firds_files)); CFI ES*, MIC in ['EMTF', 'XLUX'], no termination date",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/",
    "state": "filled",
    "value": "5493001136GE6L4R7M63"
   },
   "name": {
    "read_by": "ESMA FIRDS full equity files 2026-11-07 (registers.esma.europa.eu Solr file index (esma_registers_firds_files)); CFI ES*, MIC in ['EMTF', 'XLUX'], no termination date",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/",
    "state": "sourced",
    "value": "Aperam"
   },
   "sector": {
    "market": "LU",
    "state": "not_on_record"
   },
   "security_type": {
    "market": "LU",
    "state": "not_on_record"
   },
   "segment": {
    "market": "LU",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "ESMA FIRDS full equity files 2026-11-07 (registers.esma.europa.eu Solr file index (esma_registers_firds_files)); CFI ES*, MIC in ['EMTF', 'XLUX'], no termination date",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/",
    "state": "sourced",
    "value": "LU0569974404"
   },
   "website": {
    "market": "LU",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "LU",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "LU",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "LU",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "LU",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "LU",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "LU",
  "node": "lu-cm-kg",
  "numbers_hash": "sha256:de07b12a216914b6c47a500cc89f631c800a6204db67c32030a48d140889524e",
  "open_research": {
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   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.lu-cm-kg.ai/book/aio.json",
    "door": "https://mcp.lu-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/lu/mifid-ii-product-governance/r1",
   "section": "lu.aio.v6"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.lu-cm-kg.ai/record/XLUX/LU0569974404",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.luxse.com (Latest suspensions; GraphQL https://graphqlaz.luxse.com/v1/graphql securitiesLatestSuspension)",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:de07b12a216914b6c47a500cc89f631c800a6204db67c32030a48d140889524e",
 "path": "/lu/XLUX/LU0569974404",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Aperam, listed on the LuxSE Regulated Market under ticker LU0569974404 and ISIN LU0569974404. Its LEI is 5493001136GE6L4R7M63. Security type, segment, sector and jurisdiction are not on the record. Its status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 37 filings across 35 filing days in the window 2025-11-06 to 2026-11-06. By type, the record holds 1 annual financial and audit report, 1 half-yearly financial and audit report or limited review, 13 inside information or ad hoc information filings, 17 managers' transactions and 5 quarterly financial reports. The median gap between filing days is 6.0 days. The latest filing is dated 2026-11-06 and is a quarterly financial report, 0 days before the record date of 2026-11-06. The LuxSE Regulated Market peer group holds 14 issuers, a median cadence gap of 6.0 days, a median of 17.0 filings and a median latency of 14 days. The issuer's 37 filings are above the exchange median of 17.0. Sector peer figures are not on the record for this market.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record, and its location is not on the record. Auditor changes are not on the record, as this register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/lu/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 11 research houses: Alphavalue, Citi, Degroof Petercam, Deutsche Bank, Exane BNP Paribas, ING, Jefferies, JP Morgan, Kepler Cheuvreux, Morgan Stanley and Oddo BHF.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, the market earliest sealed date is not on the record, and the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "6 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://firds.esma.europa.eu/firds/"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.lu-cm-kg.ai/events/XLUX/LU0569974404"
  },
  {
   "for": "the halt flag",
   "source": "https://www.luxse.com (Latest suspensions; GraphQL https://graphqlaz.luxse.com/v1/graphql securitiesLatestSuspension)"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.lu-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.aperam.com/investors/equity-investors/analyst-coverage/"
  },
  {
   "for": "the record",
   "source": "https://mcp.lu-cm-kg.ai/record/XLUX/LU0569974404"
  }
 ],
 "title": "Aperam (LU0569974404) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}