Q3 2021 Aperam SA Earnings Call Transcript
Hello, and welcome to the Aperam Q3 2021 Results Q&A hosted by Tim Di Maulo, Chief Executive Officer; and Sudhakar Sivaji, Chief Financial Officer. My name is Courtney, and I'll be your coordinator for today's event. Please note that this conference is being recorded.
(Operator Instructions) Today's conference will consist of Q&A only and for the duration of the call, your lines will be listen-only.
Questions & Answers
(Operator Instructions) And our first question for today comes in from the line of Carsten Riek calling from Credit Suisse.
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The first 1 I have is on the free cash flow. Because looking at the peers, which reported earlier, the free cash flow guidance looks a little lighter compared to what your peers actually guided to for the fourth quarter.
It looks like you have a bit more net working capital build. Maybe you can shed a
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