23
Mar
10:33
Merafe posts revenue decrease as ferrochrome demand shrinks
South Africa’s Merafe Resources Limited (MRL) reported a decrease in its 2022 financials, mainly due to diminished ferrochrome deliveries, and ferrochrome unit production cost rising 30% on-year driven by global inflation.
Also contributing were hiked electricity tariffs and supply chain constraints. However, earnings in local currency were less impacted since ferrochrome prices in US dollars surged, while the local currency weakened against the dollar,…
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Anonymous
Very good overview of the weekly steel market.
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