Merafe Resources Limited Provides Production Guidance for the Year 2021
March 08, 2021 at 01:00 am EST
Merafe Resources Limited provided production guidance for the year 2021. The company announced that the recovery of stainless steel production and ferrochrome demand will depend on developments regarding the COVID-19 pandemic. The availability of vaccines and their distribution would be supportive of global economic recovery. Although negative growth of 5.0%^ is expected in global stainless steel production in 2020, production is expected to recover with growth of 12.5%^ projected in 2021.