Finland: Outokumpu increases ferro chrome production by 15%, y-o-y, in Q3CY’21

Stainless steel major Outokumpu produced 128,000 t of ferro chrome in Q3CY’21-down 2% on a quarterly basis, although higher by 15% y-o-y. Higher ferro chrome prices supported profitability. Prices were driven higher by Chinese spot market prices and a weaker Euro against the USD. Variable costs surged as prices of electricity and coal increased. Fixed costs were lower due to a planned maintenance shutdown.