Production of ferrous alloys in Brazil Ferbasa increased by 1.1pc in the first half of 2021, with a rise in chromium alloys output and a reduction in silicon alloy production.
The company’s ferrous alloys output stood at 151,636mt from 150,011mt in the first six months of 2021, according to its quarterly report.
In Q2 2021, Ferbasa’s overall production decreased by 2.1pc, to 76,191mt from 77,839mt in the same period a year ago.
Chrome alloys output showed a 3.5pc growth in H1 2021, up to 105,668mt from 102,078mt in the first half of the previous year. In the second quarter, on the contrary, it saw a reduction of 3.8pc, up to 52,511mt from 54,570mt between April and June 2020.
Silicon alloy output decreased by 4.1pc in the first half of the year, to 45,968mt from 47,933mt in the same period a year ago. The volume increased 1.8pc in Q2 2021, up to 23,288mt from 23,269mt in the second quarter of last year.
The sales per tonnage increased by 1pc in the first half of this year, up to 132,947mt from 131,620mt in H1 2020. In the second quarter of the year, the sales decreased by 7pc, to 30,836mt from 65,405mt in Q2 2020.
The net revenue of the Brazilian steelmaker by the sale of ferrous alloys between January and June 2021 increased by 37pc, to BRL943.7mn ($179.5mn) from BRL688.9mn in the first half of the past year. Between April and June this year, the jump was 31pc up to BRL476.2mn from BRL363.1mn in the same year-ago period.
($1 = BRL5.26)