South Africa's ferrochrome assets need vertical consolidation: execs

Oct 03, 2012 | 11:35 AM | Janie Davies

Tags  ferrochrome, South Africa, vertical consolidation, acquisitions, Yildirim Group, Eti Krom, Vargon Alloys, South Africa Cengiz Onal

LONDON — The best way to consolidate the struggling South African ferrochrome industry would be for a steel mill to acquire its assets, according to senior officials at Eti Krom AS and parent Yildirim Group.

The country’s ferrochrome industry needs urgent consolidation, market participants warn, and most major producers have been linked to takeover rumors in recent weeks. ....

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