A quiet giant of the ferroalloy world sits in the Brazilian state of Bahia, running the country’s only integrated chromite mine-to-furnace operation. It makes the ingredients that turn steel into stainless steel, and a tough commodity cycle is testing its mettle. Full nameCia de Ferro Ligas da Bahia – FERBASA Tickers / exchangeFESA3 / B3 (São Paulo) HeadquartersSalvador, Bahia, Brazil SectorBasic Materials (Steel) EmployeesNot disclosed in latest filings Market valueR$ 3.49 billion (US$ 683 million) Yearly salesR$ 2.33 billion (US$ 457 million) – 2024 Net profitR$ 188.4 million (US$ 36.9 …
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