Weak Nickel Market Spurs Cost Cutting at Eramet

Reuters reported that on Monday, Eramet SA (EPA:ERA) said that in order to combat the depressed nickel market, it plans to increase its efforts to save money.

As quoted in the market news:

Eramet reported a 5 percent year-on-year fall in third-quarter sales to 754 million euros ($1.03 billion), which included a 23 percent decrease for its nickel division.

‘The Group is stepping up its measures to decrease its costs and capital expenditure, adjust its productions to its markets and reduce its working capital requirements,’ Eramet said in a statement, without giving details.

Click here to read the full Reuters report.