21
Jan
13:17
Deteriorating market forces Merafe-Glencore joint venture consultation process
Merafe and Glencore have commenced a consultation process under the South African Labour Relations Act and given written notice to employees at their joint venture Rustenburg Smelter.
This is as a result of “…deteriorating operations and market conditions across the South African ferrochrome industry, including unsustainable electricity tariffs and interruptions, cross subsidies and real cost inflation,” Merafe says in a note seen by Kallan…
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Anonymous
Very good overview of the weekly steel market.
Anonymous