Marco Levi

“We appreciate your continued interest in Ferroglop. Our second quarter results reflect solid execution despite a challenging market environment. Our total shipments increased 7% quarter over quarter to 188,000 tons, mainly due to a 34% increase in silicon metal.”

“We began to see the benefits of various trade measures in the first quarter as evidenced by stronger volumes of silicon-based alloys and manganese alloys. Unfortunately, the prices still reflect an imbalanced market environment.”

“Before opening the call to Q&A, I'd like to provide key takeaways from today's presentation on slide 15. 2025 was a year of important progress for Fair Globe. The trade measures secured in Europe and in the United States represent a clear positive shift in our markets, particularly in ferroloids.”

“We appreciate your continued interest in Ferroglobe. As we have discussed in previous quarters, 2025 has been marked by significant challenges stemming from unfair trade practices in both the U.S. and EU.”

“We appreciate your continued interest in Ferroglobe. There is a rapidly evolving market environment, particularly on the trade front, resulting in elevated uncertainty and limited visibility around global trade policy and regulatory developments.”