IMFA predicts firmer ferrochrome prices this quarter

  • Friday, May 24, 2024
  • Source:ferro-alloys.com

  • Keywords:chrome, ferrochrome, iron, steel
[Fellow]Subhrakant Panda, Managing Director of Indian Metals & Ferro Alloys (IMFA) expects ferrochrome prices to increase by ?3,000 to ?4,000 per tonne in the first quarter (April-June).

[Ferro-Alloys.com] 

IMFA predicts firmer ferrochrome prices this quarter

Subhrakant Panda, Managing Director of Indian Metals & Ferro Alloys (IMFA) expects ferrochrome prices to increase by ?3,000 to ?4,000 per tonne in the first quarter (April-June).
 
In January-March, the company's average realisation was around ?1,02,000 per tonne.
 
Panda expects earnings before interest, taxes, depreciation, and amortisation (EBITDA) to surpass ?150 crore for each quarter of the first half of the year.
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