South Africa’s ferrochrome producers turning to rivals
Mar 01, 2013 | 12:28 PM
| Janie Davies
LONDON South African ferrochrome producers seeking to extend power buyback agreements with state power group Eskom Holdings SOC Ltd. are approaching rivals for material to ensure their supply contracts are covered, market participants told AMM sister publication Metal Bulletin.
All South African producers have cut production and sold the conserved power back to Eskom in the latest round of power buyback deals reached in late 2012.
Ruukki SA and Hernic Ferrochrome Ltd. are reportedly seeking material so that they will be in a position to extend the furnace closures or cut additional capacity, market sources said.....
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