More ferrosilicon production is cut in Europe due to surging...

More ferrosilicon production is cut in Europe due to surging power prices.
Even with FeSi at record highs of US$4,150/tonne these companies in the EU cannot make a profit due to soaring power prices.
Just watch the prices go higher.

OFZ Slovakia cuts ferro-alloy output due to surging power prices
Slovak ferro-alloys producer OFZ Slovakia has cut more than half of its ferro-alloy production with immediate effect due to energy prices that have surged more than six-fold recently, an industry source told Fastmarkets.
The company, which produces ferro-silicon and manganese alloys, has shut four out of its seven operating furnaces, including two ferro-silicon furnaces, a silico-manganese furnace and a smaller refining furnace. Each of the ferro-silicon furnaces was working at a rate of 1,000 tonnes per month, while the silico-manganese furnace was running at a rate of 2,000 tonnes per month.
The move comes at a time of record-high energy prices across Europe, record-high ferro-silicon prices and near record-high manganese alloys prices since Fastmarkets started to assess those markets at the start of 1997. OFZ's remaining three furnaces are producing 3,000 tonnes per month of high-carbon ferro-manganese, 2,000 tonnes per month of silico-manganese and 1,000 tonnes per month of ferro-silicon.
"OFZ has some stocks of the affected ferro-alloys production to supply long-term contracts to customers until the end of November," the source said. "December is a bit uncertain,