Mexican manganese and ferroalloys producer Minera Autlan said on Wednesday it expects net revenues in Q4 to rise “at least” 35 percent, year-on-year.
The company said on a filing at the country’s stock exchange, BMV, EBITDA in Q4 should increase 45 percent, year-on-year, on improved prospects.
Minera Autlan also forecasted net revenues for the full year of 2017 to increase 50 percent, year-on-year, due to a low-cost structure, increased operational performance and an improved market scenario.
EBITDA for the full year of 2017 is expected to surge 160 percent, year-on-year, the company estimated.
Minera Autlan said improved fundamentals for the global steel industry last year helped manganese demand increase.