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IMFA Q3 FY16 Revenue up 13%, Production up 7%

Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading fully integrated producer of value added ferro chrome, today announced Q3 & 9M FY16 results for the period ended December 31st, 2015.

Sunday, February 14, 2016

IMFA Q3 Posts Profit

Indian Metals and Ferro alloys Limited (IMFA) has announced Q3 FY16 results, stating a 13 per cent increase in revenue and seven per cent rise in production for the period ending December 31, 2015.

Sunday, February 14, 2016

Zimbabwe: Zimasco Still Pursues Judicial Management

Zimbabwe's largest ferrochrome producer Zimasco is still pursuing judicial management amid reports that some of the creditors had started attaching the company assets in a bid to recover debts.

Sunday, February 14, 2016

Lack of Raw Materials Pushes VISA Steel into SDR Corner

VISA Steel announced last September that the Joint Lenders Forum had decided to invoke strategic debt restructuring (SDR) norms in accordance with the Reserve Bank of India circular dated June 8, 2015, after an earlier restructuring exercise failed to deliver ...

Sunday, February 14, 2016

Samancor Chrome Issues Section 189 and Starts Union Consultation Process

Samancor Chrome, the South African chrome mining company and ferrochrome producer on Friday issued a Section 189 notice to all the recognised unions representing staff across all operations and corporate office.

Sunday, February 14, 2016

Samancor Warns of Job Cuts

The low chrome ore price has forced Samancor Chrome to consider job cuts, which could affect as many as 280 employees, Solidarity said on Friday. “Despite the implementation of several measures at all our business units, the decrease of the ferrochrome market...

Sunday, February 14, 2016

Taiwan's Yieh Hsing to hike wire rod prices

Yieh Hsing Enterprise, one of the major wire rod producers in Taiwan released its price policy for February. The company decided to raise list prices for killed steel wire rods by NT$600/ton and hold prices for Al-killed steel wire rods unchanged. Meanwh...

Sunday, February 14, 2016

Vietnam steel prices slightly down in Jan

Vietnam Ministry of Price administration said in January this year, Vietnam steel production and sales were both down. Among them, Vietnam steel production was about 575,000 tons, down by 5,000 tons month on month; those for sales amounted to 540,000 tons,...

Sunday, February 14, 2016
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