You are here: Home > Steel News > Latest Steel News > Outokumpu...

Outokumpu further delays ferrochrome furnace restart, stainless steel deliveries not to be impacted

Friday, 07 October 2022 15:42:53 (GMT+3)   |   Istanbul
       

Finland-based stainless steel producer Outokumpu has announced that it plans to continue to restrict its ferrochrome production, delaying further the restart of one of its three ferrochrome furnaces at least until the end of the first quarter of 2023, as the price of electricity remains exceptionally high and the unstable situation in the energy market has not eased.

In September, the company delayed the restart of one of its three ferrochrome furnaces after a planned maintenance break due to high energy prices and the unstable energy market, as SteelOrbis previously reported.

Outokumpu started to optimize its ferrochrome production in August. The capacity of the furnace that has been shut down is approximately 30 percent of the company’s entire ferrochrome capacity. Continuing to restrict ferrochrome production will not impact Outokumpu’s stainless steel deliveries.


Similar articles

China’s stainless steel exports up 19.75 percent in Jan-Sept

04 Nov | Steel News

Flat steel prices in local Taiwanese market - week 44, 2024

31 Oct | Flats and Slab

Local Chinese stainless steel prices fluctuate slightly

30 Oct | Flats and Slab

Ex-China stainless steel prices move sideways

29 Oct | Flats and Slab

Flat steel prices in local Taiwanese market - week 43, 2024

24 Oct | Flats and Slab

Local Chinese stainless steel prices decrease amid weaker costs

24 Oct | Flats and Slab

Global stainless steel output up 6.3 percent in H1

23 Oct | Steel News

Ex-China stainless steel prices edge down

22 Oct | Flats and Slab

Flat steel prices in local Taiwanese market - week 42, 2024

17 Oct | Flats and Slab

Local Chinese stainless steel prices mostly soften slightly

16 Oct | Flats and Slab