Cuts loom for chrome producers Samancor
Nov 28, 2005 | 07:54 AM
|
South African charge chrome producers will be forced to trim production if prices fall further, leading producer Samancor Chrome said.
"A further reduction of the chrome price will cause a supply reduction as the current price does not allow South African (producers to) profit," said Danko Konchar, chairman of Samancor Chrome. "South African costs will not allow further price declines."
The company said it is clear that charge chrome production has to be adjusted in line with the cutback in stainless production, which will add significantly to fixed costs. It calculated that it costs 750,000 rand ($115,000) per month for each idled furnace.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here