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Eramet update for Alloys division in Q3

Steel News - Published on Tue, 06 Nov 2018

Image Source: NTNU
Eramet announced that sales for the Alloys division remained stable at EUR 239 million in Q3 2018 (- 1% versus Q3 2017), with contrasting trends for activities: Erasteel sales grew 25%, Aubert & Duval sales were down 6%. In line with H1 2018, quarterly sales in the aerospace segment were down 3%, with aircraft structure volumes still impacted by an adjustment in the production rate of several wide bodies’ programmes in which Aubert & Duval is positioned. This trend should continue in the coming quarters and will weigh on results.

In addition, the low order backlog from major players in the energy sector continues to negatively impact the company’s land turbines’ sales.

Conversely, in high-speed steels, Erasteel saw its sales continue to grow in Q3 2018 (+25% versus Q3 2017), driven by raw materials’ prices, and to a lesser extent, by growth in volumes.

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Posted By : Ratan Singh on Tue, 06 Nov 2018
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