Honestly I would just hope they just let the business run without making too many moves.
It just seems that management is making decisions that come across as bad.
The conversion of the furnaces is also one such mistake, in addition to the 4 i mentioned earlier. In my opinion anyway.
I can understand the rationale for the conversion, That being silicomanganese gives better margins than ferrosilicon. However why would they continue with the conversion when the market is roaring higher? Why not postpone it to a period where they are making little to no money, a downcycle. In the 12 month period the 4 furnaces would have made a huge amount of profits.
Its not just the cost to convert the furnaces, its the profit that was foregone during the conversion.
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