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Ann: FY2023 Net Profit After Tax US$18.2 Million & App 4E, page-80

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    Iranian FeSi being priced out of the market


    Cheap Iranian ferrosilicon is a thing of the past. A major ferrosilicon producer, Hamedon, is expected to declare bankruptcy due to higher production costs, notably electricity. The country’s ferrosilicon association recently announced a $150 per mt increase in export prices from $1,100 per mt ex works due to power.
 
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