Brazilian alloy producer Ferbasa's ferro-chrome and ferro-silicon output continued to lag year on year in the second quarter.

The FeSi ¨C Manganese Alloys Conversion Project was motivated by a need to align product mix with global market demand.

A total of 37,779 tonnes of FeSi and 52,172 tonnes of manganese alloys were sold during the quarter ended 30 June 2022.

Ferro-silicon prices have lately consolidated at €2,450-2,600/t ddp, down by 38pc since early May.

A conditional share sale agreement (SSA) has been signed between CMS and OMS, according to CMS¡¯ filing with Bursa Malaysia.

Since the beginning of this year, foreign demands for Chinese ferrosilicon increased significantly.

Chinese producers want to cut production volume in order to save price dropping in this week.

OMS is a 100% owned subsidiary of OMH and SISB is a 100% owned subsidiary of Cahya Mata Sarawak Berhad (¡°CMS¡±) (BURSA: CMSB-2852).