BHP Billiton to Cut Manganese Production
BHP Billiton head of ferrous and coal, Marcus Randolph said global market conditions were proving challenging for the steel industry and its raw material providers.
“Manganese ore and alloy are entirely dependent on the carbon steel industry and are therefore directly impacted by the current weak steel markets,” he said.
“We will continue to monitor the situation and when we see a recovery, given we are bringing forward essential major maintenance projects, we expect to be well placed to restart our full production alloy capacity.
“In ore, the development activities and rebuilding of depleted stocks allow us to react to any recovery in the market.
Quick facts: BHP Group PLC
Price: 1851.6 GBX
Market Cap: £93.63 billion
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE