04
Jul
10:14
Eramet completes Erasteel divestment
French miner Eramet has reached the closing of the sale to Syntagma Capital of the entirety of its shares in high-speed steel producer subsidiary Erasteel, Kallanish notes.
The company is divesting its lossmaking high-performance alloys division, which also included Aubert & Duval (A&D), following its decision to focus on its core raw material business.
Last year, Erasteel’s turnover increased by 48% on-year to €273 million ($297m). The growth …
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Very good overview of the weekly steel market.
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