Ferro prices have been under pressure but MRF's cost base is solid compared to peers, gives them runway if…by @guppy_jse on $MRF

Ferro prices have been under pressure but MRF's cost base is solid compared to peers, gives them runway if we see any bounce. Problem is the rand weakness cuts both ways, export margins look ok but rand strength would help capex. Patience looks like a real good idea here, catalysts moving forward when we see demand tick up from stainless mills again.