South Africa's FeCr exports post MoM rebound in May

South Africa's high-carbon ferrochrome (FeCr) exports staged a moderate recovery in May on a monthly basis. However, the year-on-year decline remained steep and the cumulative performance for the January-May period pointed to a deeper structural correction, Mysteel Global observes.

The country's high-carbon FeCr exports totalled 123,291 tonnes in May, up 5.7% from April and marking the second consecutive on-month increase, according to the latest data from the South African Revenue Service (SARS). But the volume still represented a sharp contraction of 29% from a year earlier, weighed down