plans to phase out 1.93 million tonnes per year of obsolete
ferroalloys capacity this year, with silicomanganese and
electrolytic manganese smelters likely to be the hardest
China aims to remove
10 million tonnes per year of obsolete capacity, Zhang
Zengchan, assistant chairman of the China Ferroalloys Industry
Association (CFIA), told AMM sister publication
Metal Bulletin, noting that the closures apply to
small furnaces operating below 6,300 kilovolt-amperes.
sectorincluding electrolytic manganese, manganese residue
rich and nickel pig ironcurrently has a capacity of 40
million to 50 million tonnes per year.
The Ministry of
Industry and Information Technology has asked more than 300
smelters to close by the end of September.
The capacity is likely
to have limited effect on the market, as most of these smelters
have already shut due to weak market conditions, an analyst in
China phased out 2.91 million tonnes per year of outdated
ferroalloys capacity last year, on top of 2.11 million tonnes
per year in 2011.
version of this article was first published in AMM sister
publication Metal Bulletin.