Brief: Afarak Group Expects Positive Impact From Increased Demand In Aeronautics, Defense Applications

Afarak SE

16/08/2024 11:06

Aug 16 (Reuters) - Afarak Group SE  AFAGR.HE :
    * INCREASED DEMAND IN AERONAUTICS AND DEFENSE APPLICATIONS
SHOULD
ALSO START TO SHOW SOME POSITIVE IMPACT ON SUPPLY AND DEMAND
BALANCES
    * DOMESTIC PRICE LEVELS IN CHINA SEEM TO HAVE BOTTOMED OUT
AS WELL
    * EXPECT FURTHER IMPROVEMENTS IN OUR COST STRUCTURE DURING
SECOND
HALF-YEAR
    * OUTLOOK FOR SECOND HALF OF 2024: ON LOW CARBON
FERRO-CHROME
SIDE, SANCTIONS AGAINST RUSSIAN MATERIAL WILL ONLY BE FULLY
IMPLEMENTED BY END OF 2024
    * CONTINUE TO DEVELOP NEW REVENUE STREAMS IN EUROPE
    * MARKET FOR LOW CARBON FERRO-CHROME WILL BE CONTINUOUSLY
COMPETITIVE THROUGHOUT YEAR
    * OUTLOOK FOR SECOND HALF OF YEAR 2024: CHROME ORE MARKET,
ON
OTHER HAND, IS EXPECTED TO REMAIN STRONG

Source text for Eikon:  ID:nGNE8ktrRX 
Further company coverage:  AFAGR.HE 

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