[Ferro-alloys.com] According to September 12^th news posted on the official website of Brazil-based ferroalloy producer-Ferbasa, European steel market remained sluggish, although there was a slight improvement in steel market by the end of August 2014. An upturn trend was seen in the price of FeSi75#, so the group would pay much attention to ferrosilicon market. FeCr prices remained steady in the week Sept. 8^th to Sept. 12^th in China and Europe, but there was a price improvement in the US market.

The net revenues reached R$ 6.26 M in August and sales volumes were 16,906 mt. The specific sales volumes were as follows: HC FeCr 9,781mt, LC FeCr 630 mt and FeSi75# 6,495 mt, all registering decreases, as the company reduced exports of lower margins so as to meet the demand domestically.

• [Editor:Phillip.Feng]