25
Aug
14:48
Ferroglobe escapes red in Q2
Silicon and manganese alloy producer Ferroglobe returned to profitability in the second quarter, Kallanish reports.
Ferroglobe earned $700,000 in Q2 on sales of $418.5 million, up from a loss of $14m on sales of $250m in Q2 2020.
“The return to positive net income and positive net cash flow validates the on-going efforts to turnaround our financial performance. However, we remain far from reaching the full potential of this business,” says…
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Very good overview of the weekly steel market.
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