08
Aug
12:29
Merafe foresees ferrochrome output cuts aiding price recovery
Ferrochrome producers are likely to cut output, given the global economic uncertainty, a move that should narrow surpluses and provide a boost to prices, according to South African ferrochrome producer Merafe.
Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture declined -2% on-year in the first half of 2019 to 206,000 tonnes, although sales rose 4% to 189,000t. Ferrochrome revenue rose 2% to ZAR 2.39 billion ($157.6 mi…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous