Elkem ASA has decided to partially curtail ferrosilicon production at the company’s plant in Mo in Rana, Nordland, due to challenging market conditions.
The curtailment may result in temporary layoffs of employees, the company writes in a press release.
“We have decided to temporarily curtail production due to ongoing weak market conditions in Europe, which has led to rising inventory levels and lower prices,” says Elkem’s Senior Vice President for Silicon Products, Inge A. Grubben-Strømnes.