Afarak Mogale shuts down furnaces for maintenance

Vertically integrated specialty alloys producer Afarak Mogale is temporarily shutting down its P1 furnace at the Mogale Alloys processing plant for unscheduled maintenance. The dual-listed company said on Thursday that the furnace would not be operational between July 24 and the end of August; the P2 and P3 furnaces at the site will also be shut down for a week for scheduled maintenance.