Ferroalloys major Ferroglobe shuts furnaces due to high energy costs

Spain-based major ferroalloys producer Ferroglobe has temporarily shut two furnaces due to steep energy prices. The company has recently shut a silicon furnace at its Sabon plant in Spain, and has idled a silico-manganese furnace at the Boo plant. Ferroglobe has scaled back production during peak pricing periods and has moved some orders to its operations in neighbouring countries where energy costs are lower.