Erdos shares fall over 7% on ferrosilicon futures drop

The sharp share reaction underscores how closely the market is pricing Erdos to ferrosilicon volatility, despite the company's diversified cashmere and power/metallurgical businesses. The firm's acknowledgment that ferrosilicon holds a higher revenue share suggests investors are treating it as the key earnings driver, amplifying sensitivity to futures moves. The open question is whether this selloff reflects a broader demand slowdown from steel mills or a temporary pricing correction, which would determine if the market's risk repricing is justified.