[Ferro-Alloys.com] 

Zimasco switches off two furnaces

Based ferrochrome producer, Zimasco Private Limited, has temporarily switched off two furnaces thereby cutting operations by 25 percent as it seeks to mitigate against the ever-increasing production costs amid a global market downturn.

Zimasco spokesperson, Ms Clara Sadomba said, “This is in response to the high cost of production of ferrochrome in the face of a global market downturn. The company, however, continues to engage with key enablers of our smelting process for more competitive pricing to support a more viable cost of production.”

“The major challenge is electricity costs. The macro-economic environment has also been challenging with significant exchange losses having been incurred for long periods, which also affected viability,” she said.

• [Editor:邢亚敏]