Eramet sales fall on lower steel-sector demand

By William Clarke
Published: Tuesday, 28 April 2020

French metals and ore producer Eramet reported an 11% drop in revenues in the first three months of 2020 because of lower steel demand globally, with increased uncertainty about the future due to the Covid-19 pandemic.

Eramet’s manganese business reported sales down by 17% in January-March to €359 million ($389 million), due to falling steel demand and a build-up of manganese ore at Chinese ports.

Fastmarkets reported the price of manganese ore 44% Mn, cif Tianjin, at $6.52 per dry metric tonne unit on April...

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