Ferrosilicon Daily Express 6.3

  • Wednesday, June 03, 2020
  • Source:ferro-alloys.com

  • Keywords:Ferrosilicon futures spot
[Fellow]Ferroglobe's combined silicon and manganese alloys shipments in 2019 slid 15% year on year to 926,077 mt as the company continued to face pricing and volume pressures in the fourth quarter, its CEO Marco Levi said.
[Ferro-Alloys.comFerroglobe's combined silicon and manganese alloys shipments in 2019 slid 15% year on year to 926,077 mt as the company continued to face pricing and volume pressures in the fourth quarter, its CEO Marco Levi said.

"There were a number of factors which have adversely impacted the company during 2019, led by a steady drop in prices and sharp decline in volumes," Levi told investors during a conference call. "While we have been making operational, commercial and financial adjustments throughout the year, the fourth quarter results remain impacted by the same price and volume trends."

The fall in shipments was mainly attributable to Ferroglobe's silicon metal segment, where shipments plunged 32% year on year to 238,192 mt in 2019 due to lower production.

"Our silicon metal production was adversely impacted by higher winter electricity unit costs in France as well as greater specific consumption of energy at few locations," Levi said.

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  • [Editor:kangmingfei]

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