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Shares of Afarak Group Oyj (LON:AFRK) opened at 32.50 on Friday. The firm’s market capitalization is GBX 82.98 million. The company’s 50-day moving average is GBX 32.50 and its 200-day moving average is GBX 32.50. Afarak Group Oyj has a 12-month low of GBX 24.50 and a 12-month high of GBX 32.50.

Afarak Group Oyj, formerly Ruukki Group Oyj, is a Finland-based company active in the steel sector. The Company’s business comprises two production divisions, FerroAlloys and Speciality Alloys, and a sales and marketing operation, RSC Limited. The FerroAlloys business consists of the Stellite mine, the alloy processing plant Mogale and the Mecklemburg development project in South Africa and the Waylox mine development project in Zimbabwe. The business produces chrome ore, Charge Chrome, Silico Manganese and Stainless Steel Alloy and exports chrome ore directly to global markets, particularly to China. The Spieciality Alloys business consists of the TMS mining and beneficiation operation in Turkey and the EWW, chromite concentrate processing plant in Germany. TMS supplies EWW with chromite concentrate which is used in Specialised Low Carbon and Ultralow Carbon Ferrochrome. Surplus chrome ore is exported from TMS mainly to China. The Company operates a number of subsidiaries worldwide.