Ferroalloys

CC Metals and Alloys, LLC is Shutting Down its Operations on July 1 Due to Poor Market Conditions

Retrieved on: 
Wednesday, June 24, 2020
Mining, Minerals, Natural Resources, Chemistry, Physical sciences, Chemical elements, Ferroalloys, Ferrosilicon, Iron, Pricing, Silicon, Marketplace

CC Metals and Alloys, LLC (CCMA) today announced that it will be shutting down its ferrosilicon production operations as of July 1, 2020 due to unfavorable market conditions.

Key Points: 
  • CC Metals and Alloys, LLC (CCMA) today announced that it will be shutting down its ferrosilicon production operations as of July 1, 2020 due to unfavorable market conditions.
  • The decision to shut down operations is a direct result of the poor market and pricing conditions and the economic impact of the COVID-19 pandemic.
  • In the past year or so, the ferrosilicon industry has been facing challenging market conditions caused by imports of low-cost products that do not reflect the US market.
  • Shutting down operations was the only reasonable option for CCMA but yet the most difficult decision to be made.

EQS-News: PJSC Mechel : Mechel Upgrades Key Facility at Bratsk Ferroalloy Plant

Retrieved on: 
Wednesday, April 15, 2020
Chemistry, Physical sciences, Natural sciences, Mechel, Ferroalloys, Ferrosilicon, Iron ore, Silicon

Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power.

Key Points: 
  • Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power.
  • All of its enterprises work in a single production chain, from raw materials to high value-added products.
  • Bratsk Ferroalloy Plant is a modern, highly efficient facility producing high-grade ferrosilicon with 65% and 75% silicon content.
  • The plant supplies ferrosilicon to Mechel Group's other enterprises and markets it domestically and internationally.

CRU: What Does COVID-19 Mean for South African Chromium Supply and Logistics

Retrieved on: 
Friday, March 27, 2020
Web browsers, Software, Economic geology, Ferroalloys, Ferrochrome, Mining, Chromite, Ore, Chrome, Smelting

Logistical restrictions and reconsiderations of raw material requirements are becoming a headache for ore and alloy producers, as South Africa starts to lockdown and close borders.

Key Points: 
  • Logistical restrictions and reconsiderations of raw material requirements are becoming a headache for ore and alloy producers, as South Africa starts to lockdown and close borders.
  • Mining has been severely affected this week by respective lockdowns in South Africa and India.
  • South Africa is the main source of chrome for Chinese FeCr smelters, with an average of 1.0-1.5 Mt of ore exported every month.
  • In 2019, South Africa supplied 12.5 Mt of chrome ore to China or 80% of all Chinese imports.

CRU: What Does COVID-19 Mean for South African Chromium Supply and Logistics

Retrieved on: 
Friday, March 27, 2020
Chemistry, Physical sciences, Chemical elements, Dietary minerals, Ferroalloys, Ferrochrome, Economic geology, Mining, Ore, Chromite, Raw material, Chromium

Logistical restrictions and reconsiderations of raw material requirements are becoming a headache for ore and alloy producers, as South Africa starts to lockdown and close borders.

Key Points: 
  • Logistical restrictions and reconsiderations of raw material requirements are becoming a headache for ore and alloy producers, as South Africa starts to lockdown and close borders.
  • Mining has been severely affected this week by respective lockdowns in South Africa and India.
  • In 2019, South Africa supplied 12.5 Mt of chrome ore to China or 80% of all Chinese imports.
  • If disruptions to supply are elongated after the 21 day lockdown, it will pose an issue for FeCr smelting in China.

EESTech, Inc. announces Heads of Agreement with Inductotherm Corp.

Retrieved on: 
Wednesday, February 19, 2020
Ferroalloys, Ferrochrome, Smelting, Furnace, Chemical elements, Manufacturing, Chemistry

EESTech has developed a patent pending design breakthrough in primary smelting furnace technology known as the IRF (Induction Reduction Furnace).

Key Points: 
  • EESTech has developed a patent pending design breakthrough in primary smelting furnace technology known as the IRF (Induction Reduction Furnace).
  • EESTech's CEO Murray Bailey said, "the signing of this Agreement marks a significant milestone for the company and represents an exclusive supply agreement for Inductotherm and a strong technology partner for EESTech."
  • Under the terms of Agreement, Samancor Chrome will purchase all Ferrochrome metal recovered by EESTech that meets agreed specifications.
  • The forward-looking statements are based on current expectations and neither the Company nor its management assumes any obligation to update these statements.

EESTech Announces Progress on Samancor "Zero Waste" FeCr Slag Recycling Project

Retrieved on: 
Monday, November 25, 2019
Water conservation, Contents, Ferroalloys, Ferrochrome, Recycling, Articles, Waste, Nature

As required by South Africa's environmental waste management regulatory guidelines, EESTech has released through both newspaper and local mailings details of its proposed commissioning of a FeCr slag recycling facility capable of processing approximately 650,000 tons of FeCr slag per annum.

Key Points: 
  • As required by South Africa's environmental waste management regulatory guidelines, EESTech has released through both newspaper and local mailings details of its proposed commissioning of a FeCr slag recycling facility capable of processing approximately 650,000 tons of FeCr slag per annum.
  • A "Background Information Document (BID)" which overviews the project has been made available to the public and features the environmental benefits of the project, notably the capability of EESTech to deliver an industry first, "zero waste" outcome FeCr slag reclamation project.
  • EESTech Inc, promotes Economically Environmentally Sustainable Technologies to the world mining and minerals processing industries.EESTech Inc is publicly traded on the US OTC market, symbol EESH.
  • The forward-looking statements are based on current expectations and neither the Company nor its management assumes any obligation to update these statements.

Ferrochrome Market Size Worth $28.83 Billion by 2030 | CAGR: 4.6%: Grand View Research, Inc.

Retrieved on: 
Tuesday, November 12, 2019
Ferroalloys, Ferrochrome, Stainless steel, Chrome, Materials, Matter, Artificial objects

SAN FRANCISCO, Nov. 12, 2019 /PRNewswire/ -- The global ferrochrome market size is anticipated to reach USD 28.83 billion by 2030, expanding at a 4.6% CAGR during the forecast period, according to a new report by Grand View Research, Inc.

Key Points: 
  • SAN FRANCISCO, Nov. 12, 2019 /PRNewswire/ -- The global ferrochrome market size is anticipated to reach USD 28.83 billion by 2030, expanding at a 4.6% CAGR during the forecast period, according to a new report by Grand View Research, Inc.
  • Stainless steel is largely consumed in building & construction industry due to its aesthetic appearance and corrosion resistance properties.
  • Key suggestions from the report:
    High carbon ferrochrome dominated market in 2018 with a volume share of 85.7% in 2018.
  • Grand View Research has segmented the global ferrochrome market on the basis of product, application, and region:

Ferrochrome Market Size Worth $28.83 Billion by 2030 | CAGR: 4.6%: Grand View Research, Inc.

Retrieved on: 
Tuesday, November 12, 2019
Ferroalloys, Ferrochrome, Stainless steel, Chrome, Materials, Matter, Artificial objects

SAN FRANCISCO, Nov. 12, 2019 /PRNewswire/ -- The global ferrochrome market size is anticipated to reach USD 28.83 billion by 2030, expanding at a 4.6% CAGR during the forecast period, according to a new report by Grand View Research, Inc.

Key Points: 
  • SAN FRANCISCO, Nov. 12, 2019 /PRNewswire/ -- The global ferrochrome market size is anticipated to reach USD 28.83 billion by 2030, expanding at a 4.6% CAGR during the forecast period, according to a new report by Grand View Research, Inc.
  • Stainless steel is largely consumed in building & construction industry due to its aesthetic appearance and corrosion resistance properties.
  • Key suggestions from the report:
    High carbon ferrochrome dominated market in 2018 with a volume share of 85.7% in 2018.
  • Grand View Research has segmented the global ferrochrome market on the basis of product, application, and region:

EESTech, Inc. Announces Samancor Ferrochrome Reclamation Agreement

Retrieved on: 
Tuesday, April 2, 2019
Web browsers, Software, Operating systems, Ferroalloys, Ferrochrome, Chrome, Witbank, Chromium

NEW CASTLE, Del., April 2, 2019 /PRNewswire/ -- EESTech(otc-pink:EESH) signs a 10-year Ferrochrome Slag Reclamation Agreement with Samancor Chrome Limited.

Key Points: 
  • NEW CASTLE, Del., April 2, 2019 /PRNewswire/ -- EESTech(otc-pink:EESH) signs a 10-year Ferrochrome Slag Reclamation Agreement with Samancor Chrome Limited.
  • Samancor Chrome, South Africa, has awarded EESTech anexclusiveten-year agreement, with a five year extension option, granting reclamation rights to the Ferrochrome (FeCr) process slag located at Samancor Chrome's Ferrometals process facility in Emalahleni, South Africa.
  • Samancor Chrome produces more than 1.7 million tons of Ferrochrome per annum across five smelting facilities, positioning Samancor as the second largest FeCr producer in the world.
  • Under the terms of Agreement, Samancor Chrome will purchase all Ferrochrome metal recovered by EESTech that meets agreed specifications.

Global Ferrochrome Market Outlook 2019-2023, with Eurasian Resources Group, Glencore, Hernic, Outokumpu, Samancor Chrome and Yildirim Group of Companies Dominating - ResearchAndMarkets.com

Retrieved on: 
Monday, January 7, 2019
Natural Resources, Mining, Minerals, Chemistry, Ferroalloys, Ferrochrome, Chromite, Chrome, Chromium, Stainless steel, Sustainability, Economic growth

The "Global Ferrochrome Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Ferrochrome Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
  • The ferrochrome market will register a CAGR of almost 7% by 2023.
  • The growing use of ferrochrome as a source of chromium in stainless steel production is expected to drive market growth.
  • Thus, environmental concerns and sustainability are likely to limit chromite mining, thereby, hindering the growth of the ferrochrome market.