The market is overstocked and it is not feasible to take prices lower with the current exchange rate, so we have to reduce production to try to bring the market back to balance.

222

We are seeing a better year ahead in terms of prices ... the forecast for stainless steel in 2006 is better and could boost demand for ferrochrome starting in the second quarter.

156

It's obvious there's an impact [on earnings]; that's why we are cutting output to support our profitability.

106