While OMH is converting and re-opening furnaces other producers are either closing or running at reduced capacity due to power costs or lack of raw materials.
Elkem’s Icelandic 120,000-mtpy ferrosilicon smelter is thought to be running at around 70% of its capacity. The cutback, which started on Feb. 1, 2022 due to power shortages, was expected to last until June but now the cutback could be extended into the third quarter.
Ferroglobe shuts down three furnaces in Spain due to raw materials shortageFerroglobe is forced to shut down all furnaces at its Spain-based Sabon plant due to raw materials shortage resulting from the cargo shipments crisis. High electricity prices weigh on all of the company’s Spanish assets.
Sakura ferroalloys in Malaysia have shut down at least one of their two furnaces due to transformer problems.
