SALVADOR, Brazil, June 23, 2016 /PRNewswire/ -- FERBASA (BM&FBovespa: FESA3 / FESA4) hereby informs its shareholders and the market in general that the European benchmark ferrochrome price has been settled at U$c 98 /lb.Cr for the 3rd quarter of 2016. This represents an increase of 19.51% from the price practiced in the second quarter. The new price goes into effect on 07.01.2016 and will be the basis for negotiation with our customers.
Alexandre Cesar Innecco
CFO and IRO
Carlos Henrique Temporal
55 71 3404 3023
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SOURCE FERBASA - Companhia de Ferroligas da Bahia