Europe: OFZ Slovakia cuts ferroalloys production on surging power prices
Ferroalloys producer OFZ Slovakia is slashing production by half on rising electricity tariffs. Benchmark European gas prices have surged around 250% this year, as per Reuters. OFZ Slovakia has shut four operating furnaces out of seven, two for ferro silicon producing 1,000 tpm each, one silico manganese producing 2,000 tpm, and a refining furnace. The three remaining furnaces are for production of ferro manganese, silico-manganese, and ferro-silicon.