Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
International Ferro Metals’ (IFM’s) financial performance and cash flows will likely remain under pressure unless there is a “sustained improvement” in the ferrochrome price, which has been hovering at the same level for three consecutive quarters. The European Benchmark Price remained at a five-year low of $1.08/lb by the end of June, following a $0.07/lb drop in the March quarter, with no indications of improving market conditions, the company noted in its quarterly production report for the three months to June 30 on Thursday.
No comments:
Post a Comment