Felman plans to idle furnace, cut staff

May 20, 2013 | 03:38 PM | Daniel Fitzgerald

Tags  Felman Production, idle furnace, staff cuts, GAA, Georgian American Alloys, silicomanganese prices, silicomanganese, Mordechai Korf Daniel Fitzgerald

NEW YORK — Felman Production LLC will idle one of its three electric-arc furnaces May 31 and has already begun reducing its work force, citing a recent decline in silicomanganese prices as a primary factor for the cost-cutting.

The New Haven, W.Va.-based company will conduct planned maintenance work one furnace at a time until September 2013, when it will leave one furnace idle if economic conditions have not improved.....

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