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

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

Fimi Calls for Removal of Export Duty on Chrome Ore

The Federation of Indian Mineral Industries (Fimi) has called for the removal of 30 per cent export duty on chrome ore. Also, in view of the surging imports of both chrome and manganese ore, it demanded imposition of safeguards duty of 50 per cent on these two...

Sunday, February 14, 2016

Merafe Resources Expects an Increase in its Earnings for The Year

Merafe Resources Limited, a South African-based ferrochrome exploration and development company, released its production report and trading statement for the year ended 31 December 2015.

Thursday, February 4, 2016

South Africa Remains Zim’s Largest Trading Partner

South Africa has remained Zimbabwe’s largest trading partner in the month of December 2015 with goods such as tobacco and minerals topping the export list by the later, statistics released by ZimStat show.

Thursday, February 4, 2016

ASIA FERROCHROME: JAPAN PRICES FALL TO 10-YEAR LOW OF 60-62 CENTS/LB

Japan's spot high-carbon ferrochrome prices fell to a 10-year low of 60-62 cents/lb CIF Japan this week as keen spot sellers emerged amid the seasonal pre-Lunar New Year holiday lull, according to Platts' assessments.

Monday, February 1, 2016
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