28
Apr
09:17
Automotive slowdown has negative effect on Erasteel's sales
The significant slowdown in the automotive sector will continue to adversely impact French high-speed steel maker Erasteel, parent company Eramet says in its first-quarter financial report monitored by Kallanish.
The automotive sector, which had already declined considerably at the end of 2019, continues to weigh adversely on demand for cutting tools, seriously affecting Erasteel’s high-speed steel activity. Despite this, the group notes that the market for …
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Anonymous
Very good overview of the weekly steel market.
Anonymous