19
Nov
10:41
Eramet forecasts eroding turnover in second half
French mining company Eramet forecasts its operating income to be lower in the second half of 2015 compared to H1 2015. This is due to the current nickel and manganese prices, and despite productivity gains and cost reductions achieved or being implemented, the company says in its third quarter financial results monitored by Kallanish.
Turnover for the Eramet group in Q315 fell -6% year-on-year to €739 million ($792m) pulled down by a -33% drop in the compa…
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Anonymous
Very good overview of the weekly steel market.
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