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25 Feb
11:11

Automotive sector decline impacts Erasteel

France’s Eramet expects the slowdown in the automotive sector in Europe and China in 2019 to continue in the coming months, Kallanish learns from the company’s 2019 financial report. The company has put in place a restructuring action for its high-speed steel and high performance alloys division in 2020 to remedy to the division’s underperformance last year. The division’s sales fell last year by -17% to €847 million ($921m) year-on-…
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