Int Ferro Metals output improving after Q4 dip

South African ferrochrome producer International Ferro Metals posted a 6 percent fall in output during its fiscal fourth quarter compared to t84 allis chalmers cone crusher data sheetshe third, but said production had improved in the current quarter. London-listed IFM said in a trading statement on Tuesday it produced 51,331 tonnes of ferrochrome in the three months to end June versus 54,394 tonnes in the third quarter due to problems with ore feed and furnace repairs.

"The company benefited from higher ferrochrome prices during the quarter although the full potential wasn't realised because of lower production levels and delayed shipments resulting from the Transnet strike," Chief Executive David Kovarsky said. "Since the last quarter, however, greater operational efficiencies have been achieved that should increase production levels, lower costs and will help us to meet future challenges." Fourth quarter output jumped 178 percent from last year, when the sector made sweeping cuts to production after demand and prices tumbled during the global downturn. Ferrochrome contract prices jumped 35 percent during the June quarter on improved demand, but fell 4 percent in current quarter.