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Felman restart would take ‘several weeks’

Apr 07, 2014 | 01:47 PM | Daniel Fitzgerald

Tags  Felman Production, silicomanganese prices, West Virginia Public Service Commission, PSC, Appalachian Power, APCo, USW, silicomanganese Mordechai Korf


NEW YORK — Felman Production LLC said it would take several weeks to restart operations at its New Haven, W.Va., silicomanganese plant should it agree to a special electricity rate plan.

The West Virginia Public Service Commission (PSC) last week authorized a plan giving Felman a special rate from electricity supplier Appalachian Power Co. Inc. (APCo) incorporating a monthly discount "based on the actual gross margin available in the silicomanganese market" (amm.com, April 4).

Should Felman choose to accept the approved special rate, a contract with Roanoke, Va.-based APCo must be filed with the PSC by June 30.

"Any restart at Felman would take several weeks after entering into a contract with APCo," the company said April 4.

"While we did not get everything we requested from the PSC, we are very pleased with the ruling," Felman chairman and chief executive officer Mordechai Korf said in a statement. "We believe this order provides an important step in making Felman a viable producer able to weather the ups and downs of the ferroalloy market long term."

Meanwhile, the company said that United Steelworkers union Local 5171, which represents workers at the New Haven plant, will vote this week on proposed modifications to the collective bargaining agreement, "which if passed will have the effect of further strengthening Felman’s long-term viability."

Letart, W.Va.-based Felman began idling furnaces at its New Haven plant in May 2013 (amm.com, May 20) before proceeding with a full shutdown of the New Haven smelting operations in June (amm.com, June 28).




Latest Pricing Trends Year Over Year

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After witnessing the pace of steel plant idlings and worker layoffs during the first half of the year, what is your view of the second half of 2015? (choose one)

No matter what else happens, layoffs and shutdowns, etc., have nearly or essentially stopped for the year.
The environment will change little and the pace of layoffs will continue at a similar rate as the first half of 2015.
The environment will change little yet the pace of layoffs will begin to slow slightly to moderately.
The environment will change little yet the pace of layoffs could exceed the rate seen thus far.
The environment will improve slightly to moderately yet hiring and plant restarts will not resume this year.
The environment will improve slightly to moderately, with hiring and plant restarts commencing.
The environment will improve dramatically yet hiring and plant restarts will still be negligible in comparison.
The environment will improve dramatically yet hiring and plant restarts will only be slight to moderate.
The environment will improve dramatically, with hiring and plant restarts occurring nearly in tandem.


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