Xstrata Announces Q3 2012 Production Results for Alloys

  • Monday, October 22, 2012
  • Source:Ferro-alloys.com

  • Keywords:Xstrata Q3 2012 Alloys
[Fellow][Ferro-Alloys.com]Attributable ferrochrome production was 195,000 tonnes in the third quarter of 2012, reflected furnaces operating at 55% of capacity
[Ferro-Alloys.com]Attributable ferrochrome production was 195,000 tonnes in the third quarter of 2012, reflected furnaces operating at 55% of capacity, as high winter electricity tariffs and furnace refurbishment programs being extended in response to soft market conditions. Volumes were 15% lower than the first nine months of 2011.
 
Ferrochrome producers settled the average European benchmark price for the third quarter at USD 1.25 per pound, 7% lower than the second quarter price of USD 1.35 per pound. The fourth quarter European benchmark price was settled at USD 1.10 per pound.
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