22
Mar
10:38
South Africa’s Merafe records significant earnings growth
South Africa’s Merafe Resources Limited (MRL) reported a significant increase in 2021 earnings, driven by ferrochrome demand boosting sales volumes, while average export prices increased, Kallanish notes.
The company's share of revenue from the Glencore Merafe ferrochrome joint venture including management fee recorded a surge of 69% on-year to ZAR 8.06 billion ($542 million), with ferrochrome sales comprising 87% and chrome ore sales 12.8%. Th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous