CIA DE FERRO LIGAS DA BAHIA S.A. - FERBASA BM&FBovespa: FESA3/FESA4 www.ferbasa.com.br
Net revenues(in R$ '000)
CARLOS H. TEMPORAL Investor Relations
+55 (71) 3404-3016 | 3404-3023 dri@ferbasa.com.br
Despite a recovery in late August, the European steel market remains weak. FeSi prices continue on an upward trend, and with the reduced supply of FeSi in the domestic market Ferbasa continues to give priority to this market.
Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14
Net revenues and sales volume reached R$ 62.60 million and 16,906 tonnes respectively. Highlights are the growth of 6.3% in the revenue of FeSi 75 and the exportation of chrome ore.
Sales volume(in tonnes)
The spot price of high carbon ferrochrome remained stable this week in China and Europe, while in the United States it has been rising.
25.000
20.000
15.000
18,868
28,279
23,317
20,077
22,028
17,799
23,630 23,832
19,478 19,397
20,820
19,009
16,906
INSTITUTIONAL10.000
5.000
Ferbasa acquired two overhead
-
Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14
cranes for the metallurgical area in the total amount of R$ 3.5 million
HC FeCr FeSi 75 LC FeCr
TOTAL
through a BNDES funding with 10 years amortization period and 6% annual interest rate.
Ferbasa is featured in Valor 1000
Magazine highlighting its liquidity
ratio and net revenues among companies in the Northeast Brazil.
Volumes sold were 9,781 tonnes (HCFeCr), 630 tonnes (LCFeCr) and 6,495 tonnes
(FeSi 75), representing a decrease over the same period of 2013 due to the
strategy of reducing exports with lower margins to focus on the domestic market and accumulate finished products inventories for the 2nd half 2015.
Newsletter of Cia de Ferro Ligas da Bahia
INVESTOR RELATIONS
In accordance to the strategic plan set by the Board of Directors, Ferbasa signed a contract with a leading energy consultancy to assist it to decide on proposals that it is receiving. Based on the production plan to attend our priority clients as of 2H15, Company acquired energy sufficient to fulfill that plan when combined with forming inventories. For the biennium 2016-17, as well as longer contracts as of 2018, the Company received proposals and is analyzing scenarios to make a decision by the beginning of next year (following the rainy season). In parallel it continues participating in an important group of electricity-intensive Companies in Northeast Brazil that are negotiating with CHESF.
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