South African ferro chrome output facing major wipe-out

Eskom, South Africa’s power utility tariff to jump 15% for FY21-22, this increase will certainly put extra burden on power intensive ferrochrome industry. There can be some serious reductions in ferrochrome business amidst unstinting Eskom tariff inflation. Earlier, two leading ferrochrome producers suspended few plants, citing increasing electricity tariffs as one of the key headwinds to sustain the domestic industry.