Chrome producer Merafe has reported that its attributable ferrochrome production from the Glencore Merafe Chrome Venture in the fourth quarter ended December 31 was 75 000 t, compared with the 97 000 t produced in the fourth quarter of 2022.

From January to October 2023, the production of high-carbon ferrochrome in Inner Mongolia increased by 777,600 tons year-on-year to 3,698,300 tons, accounted for 61.2% of the country.

According to statistics, from January to October 2023, China's high-carbon ferrochrome production is 5,989,500 tons, an increase of 615,200 tons.

China produced 536 million tonnes of crude steel in the first six months of this year, up by 1.3% from a year earlier.

Merafe Resources Limited (JSE: MRF, A2X: MRF) has announced its unaudited condensed consolidated financial results for the first half of 2023.

Ferro-alloys.com

Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the six months ended 30 June 2023 decreased by approximately 9% compared to the prior comparative period.

Merafe Resources Limited - Shareholders of the Company are advised that the European benchmark ferrochrome price for the third quarter of 2023 has been settled at 151 US cents per pound, a decrease of 12.2% from the second quarter of 2023.