Eramet : Roadshow feedback: finally caught by China steel crisis
>In manganese, supply tensions now counteracted by the weak China steel market - We organised a roadshow in Paris with CEO Christel Bories and CFO Nicolas Carré. The H1 results published on 25 July were penalised by soft prices overall and low seasonality, but Eramet expects a significant step-up in H2 thanks to higher production and swelling manganese ore prices. However, the end of the summer saw a marked slump in the Chinese steel market, the main outlet for the ma...Eramet is a mining and metallurgical group, which specializes in the extraction, production and marketing of non-ferrous metals, their chemical derivatives, alloys and superalloys, and parts. Co.'s operations are divided into three divisions: Nickel division which focuses on nickel and its derivative applications; Manganese division which focuses on manganese alloys, manganese chemical derivatives and provides recovery and recycling services of metals contained in oil-industry catalysts, electric batteries and acid solutions; and Alloys division which produces and sells special high-performance steels, superalloys and pre-machined parts based on these materials or aluminium and titanium.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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