Higher prices and production together with falling debt and a recent refinancing operation prompted HR Ratings to up its rating on the short-term bonds of the ferroalloy producer.
The steelmaker is negotiating pay and other conditions with union leaders at its Hércules iron ore mine, following a recent blockade.
Aperam has stainless, electrical and specialty steel operations in more than 30 countries. The company produces 2.5Mt/y of flat stainless steel in Europe and in its four mills in Brazil.
Both companies currently operate eight plants in Brazil through joint venture partnerships.
The port administrator will handle raw materials and ship steel slabs for CSP.