Imerys revenues fall on weak steel market, Covid-19 disruptions

By William Clarke
Published: Friday, 01 May 2020

Refractory and industrial minerals producer Imerys has reported a drop in revenue for the first quarter of 2020, with the Covid-19 pandemic hitting its international markets, on top of pre-existing weakness in the steel and automotive sectors.

Imerys reported revenues for January-March this year down by 7.5% year-on-year on a like for like basis, to €1.029 billion ($1.12 billion).

The 3.3% decline was a consequence of the pandemic, it said, adding that the effects of the measures being taken to combat...

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