South Africa’s Hernic may cut ferrochrome output on Eskom tariff, lower Chinese demand

By bne IntelliNews December 8, 2009
Accordingto Reuters, Hernic Ferrochrome said it may cut output early in 2010 if powerutility Eskom implements a high tariff, and also on expected lower Chinesedemand. The company said it was preparing for a decline in Chinese demand owingto the global economic crisis. Hernic CEO Tetsu Kotaki told Reuters that pricesof ferrochrome were also expected to drop due to the expected lower demand bythe markets. He added the company is monitoring the situation but may have toconsider a cutback in Q1 next year.

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