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.
IN CASE YOU MISSED IT: 5 key stories from April 8 Here are five Fastmarkets stories you might have missed on Thursday April 8 that are worth another look.
The European Union s second-quarter quota for steel imports opened just one week ago, and some long steel suppliers have already used a large portion of their allocations, with sources expecting long steel volumes to be absorbed very quickly,.
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Assmang ends force majeure on ferro-manganese production in South Africa Mining and metals producer Assmang has ended its force majeure on its medium-carbon ferro-manganese production in South Africa, a source told Fastmarkets on Monday March 1. Assmang produces refined ferro-manganese at its Cato Ridge Alloys plant in the eastern province of KwaZulu-Natal and halted production at the start of January. The company also produces high-carbon ferro-manganese, but production was unaffected.
The
force majeure declaration was made in the first week of 2021 after it became clear there would be a shortage of oxygen due to supplies being diverted to hospitals to treat Covid-19 patients. Oxygen is needed in medium-carbon and low-carbon ferro-manganese production to reduce the carbon content.
Assmang declares force majeure on ferro-manganese production in South Africa Mining and metals producer Assmang has declared force majeure on its medium-carbon ferro-manganese production in South Africa, a source told Fastmarkets this week. Assmang produces refined ferro-manganese at its Cato Ridge Alloys plant in the eastern province of KwaZulu-Natal and halted production last week.
The
force majeure declaration was made in the first week of 2021 after it became clear there would be a shortage of oxygen due to supplies being diverted to hospitals to help deal with the Covid-19 pandemic, the source said.
Oxygen is needed in medium-carbon and low-carbon ferro-manganese production to reduce the carbon content.