Ferrochrome

Outokumpu interim report January-March 2022: Another strong quarter, adjusted EBITDA amounting to EUR 377 million

Retrieved on: 
Thursday, May 5, 2022

Our mills have been running at full capacity and our adjusted EBITDA reached EUR 377 million.

Key Points: 
  • Our mills have been running at full capacity and our adjusted EBITDA reached EUR 377 million.
  • We diligently continued to de-risk, and we were able to reduce our net debt to EUR 294 million.
  • We made disciplined progress in our strategy execution and have now reached a cumulative EBITDA run-rate improvement of EUR 237 million, very close to reaching our EUR 250 million target.
  • Adjusted EBITDA in the second quarter of 2022 is expected to be higher compared to the first quarter.

EESTech Submits Final Environmental Impact Assessment

Retrieved on: 
Thursday, July 15, 2021

NEW CASTLE, Del., July 14, 2021 /PRNewswire/ -- In June 2021, EESTech (OTC: EESH) filed Environmental Impact Assessment (EIA) submission for its ferrochrome (FeCr) slag reclamation project being undertaken for Samancor Chrome of South Africa, the world's largest integrated FeCr metals producer.

Key Points: 
  • NEW CASTLE, Del., July 14, 2021 /PRNewswire/ -- In June 2021, EESTech (OTC: EESH) filed Environmental Impact Assessment (EIA) submission for its ferrochrome (FeCr) slag reclamation project being undertaken for Samancor Chrome of South Africa, the world's largest integrated FeCr metals producer.
  • After more than twelve months of Covid-19 delays, EESTech is able to confirm that EkoInfo, a South African environmental engineering firm and several specialist consultants, contracted by EESTech, have progressed the EIA with all reporting documents now being filed with Government authorities for final project consideration.
  • Subject to approval, EESTech will initiate the Samancor project rollout, with financing, engineering, procurement and construction being the next stage of the project.
  • Under the terms of agreement any metal produced will be sold to Samancor, with all post process tailings being 100% owned and marketed by EESTech as ThermaSand.

Ferrochrome Market To Reach USD 24.57 Billion By 2027 | CAGR of 4.3%: Reports And Data

Retrieved on: 
Tuesday, October 20, 2020

NEW YORK, Oct. 20, 2020 /PRNewswire/ -- The global Ferrochrome market size is forecast to reach USD 24.57 Billion by 2027, according to a new report by Reports and Data.

Key Points: 
  • NEW YORK, Oct. 20, 2020 /PRNewswire/ -- The global Ferrochrome market size is forecast to reach USD 24.57 Billion by 2027, according to a new report by Reports and Data.
  • ASEAN-5, which involves the Philippines, Indonesia, Malaysia, Vietnam, and Thailand, is also expected to lead ferrochrome demand in the coming years.
  • The Asia Pacific region held 67.0% of the market, followed by Europe, which contains around 14.7% market in the year 2019.
  • For the purpose of this report, Reports and Data have segmented into the global Ferrochrome market on the basis of type, grade, application, and region:

Ferrochrome Market To Reach USD 24.57 Billion By 2027 | CAGR of 4.3%: Reports And Data

Retrieved on: 
Tuesday, October 20, 2020

Market Size USD 17.48 Billion in 2019, Market Growth - CAGR of 4.3%, Market TrendsHigh demand from developing nations.

Key Points: 
  • Market Size USD 17.48 Billion in 2019, Market Growth - CAGR of 4.3%, Market TrendsHigh demand from developing nations.
  • NEW YORK, Oct. 20, 2020 /PRNewswire/ -- The global Ferrochrome market size is forecast to reach USD 24.57 Billion by 2027, according to a new report by Reports and Data.
  • The Asia Pacific region held 67.0% of the market, followed by Europe, which contains around 14.7% market in the year 2019.
  • For the purpose of this report, Reports and Data have segmented into the global Ferrochrome market on the basis of type, grade, application, and region:

Ferroalloys Market Size Worth $69.0 Billion By 2027 | CAGR: 5.5%: Grand View Research, Inc.

Retrieved on: 
Tuesday, August 11, 2020

SAN FRANCISCO, Aug. 11, 2020 /PRNewswire/ -- The global ferroalloys market size is projectedto reach USD 69.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5%over the forecast period.

Key Points: 
  • SAN FRANCISCO, Aug. 11, 2020 /PRNewswire/ -- The global ferroalloys market size is projectedto reach USD 69.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5%over the forecast period.
  • The increasing production of steel in the Asia Pacific, on account of rising construction activities in the region, is a significant factor influencing the global market growth.
  • Ferromanganese, ferro silicomanganese, ferrochrome, and ferrosilicon are the principal ferroalloys that are commonly used in the industry as principal inputs for steel manufacturing.
  • Grand View Research has segmented the global ferroalloys market on the basis of product, application, and region:

Ferroalloys Market Size Worth $69.0 Billion By 2027 | CAGR: 5.5%: Grand View Research, Inc.

Retrieved on: 
Tuesday, August 11, 2020

SAN FRANCISCO, Aug. 11, 2020 /PRNewswire/ -- The global ferroalloys market size is projectedto reach USD 69.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5%over the forecast period.

Key Points: 
  • SAN FRANCISCO, Aug. 11, 2020 /PRNewswire/ -- The global ferroalloys market size is projectedto reach USD 69.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5%over the forecast period.
  • The increasing production of steel in the Asia Pacific, on account of rising construction activities in the region, is a significant factor influencing the global market growth.
  • Ferromanganese, ferro silicomanganese, ferrochrome, and ferrosilicon are the principal ferroalloys that are commonly used in the industry as principal inputs for steel manufacturing.
  • Grand View Research has segmented the global ferroalloys market on the basis of product, application, and region:

Swedish Stirling Signs $18m LOI With Richards Bay Alloys

Retrieved on: 
Wednesday, July 8, 2020

STOCKHOLM, July 8, 2020 /PRNewswire/ -- Swedish Stirling and Richards Bay Alloys ("RBA") have entered into a letter of intent regarding sales andinstallation of 18 PWR BLOK units to generate7.2MW.

Key Points: 
  • STOCKHOLM, July 8, 2020 /PRNewswire/ -- Swedish Stirling and Richards Bay Alloys ("RBA") have entered into a letter of intent regarding sales andinstallation of 18 PWR BLOK units to generate7.2MW.
  • Clean tech company Swedish Stirling and RBA have signed a letter of intent and will now enter into detailed negotiations regarding sale and installation of 18 PWR BLOK's.
  • RBA is a privately owned ferrochrome smelter facility in Richards Bay, South Africa.
  • - Swedish Stirling's PWR BLOK technology is an important part in the process to make RBA a more modern, competitive and viable ferrochrome facility.

Swedish Stirling Signs Memorandum of Understanding With Samancor

Retrieved on: 
Wednesday, July 1, 2020

STOCKHOLM, July 1, 2020 /PRNewswire/ -- Swedish Stirling and Samancor Chrome Limited ("Samancor Chrome") have entered into a memorandum of understanding regarding the installation of up to 135PWR BLOKs at Samancor Chrome's TC Smelter, Ferrometals and Tubatse Alloys smelters.

Key Points: 
  • STOCKHOLM, July 1, 2020 /PRNewswire/ -- Swedish Stirling and Samancor Chrome Limited ("Samancor Chrome") have entered into a memorandum of understanding regarding the installation of up to 135PWR BLOKs at Samancor Chrome's TC Smelter, Ferrometals and Tubatse Alloys smelters.
  • On 13 December 2019, Swedish Stirling and the South African ferrochrome producer Samancor Chrome entered into an energy conversion service agreement for the installation of a pilot facility with one PWR BLOK unit at Samancor Chrome's TC Smelter facility.
  • Swedish Stirling and Samancor Chrome has today signed a memorandum of understanding regarding discussions on a potential installation of PWR BLOKs at three of Samancor Chrome's South African smelters, situated in Mooinooi, Emalahleni and Burgersfort, respectively.
  • The memorandum of understandingcomprises a possible installation of up to 45PWR BLOKs corresponding to 18MW at each smelter, i.e.

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

Retrieved on: 
Friday, March 27, 2020

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

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.