30
May
11:46
Eramet deepens cost cuts as lower prices bite
French mining group Eramet has successfully reduced costs but has been hit by lower nickel and manganese prices.
“We have clearly slid into a pattern of overproduction as a result of a decrease in demand from China, as China accounts for approximately half of global metals consumption,” Eramet chairman and ceo Patrick Buffet said following the company’s general shareholders’ meeting. “No exceptions are made for Eramet as the other g…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous