Brazil's Ferbasa net sales up in February

Brazilian ferroalloy producer Ferbasa reported net sales of 83.4mn reais (US$35.7mn) in February, up 22% year-on-year.

Sales by volume reached 23,630t last month, with high-carbon ferrochrome sales up 4.02% to 13,732t while low-carbon ferrochrome sales rose 22.0% to 1,748t.

Ferrosilicon sales rose 4.78% to 8,150t, the company said in a statement.

Based in northeastern Bahia state, Ferbasa holds 85% of Brazil's chromite reserves and is the largest producer of chrome ferroalloys in the Americas. The company has installed chrome alloy capacity of 235,000t/y, of which 94% goes to the internal market and 6% is exported.