Elkem cuts ferrosilicon output amid weak european market

Elkem ASA announced on October 20, 2025, a partial curtailment of ferrosilicon production at its plants in Rana, Norway, and Iceland. This decision stems from ongoing weak market conditions in Europe, which have led to rising inventory levels and lower prices for the critical steel-making raw material. The company also cited increased uncertainty following the European Union's investigation into potential safeguard measures on ferrosilicon and ferroalloy imports.

Inge A. Grubben-Strømnes, Elkem's senior vice president for silicon products, stated that the shutdown will be used to reduce inventories and support market balance. He also emphasized the need for competitive, predictable framework conditions and continued access to the EU market for Norwegian industry, given the challenging global market. The curtailment may result in temporary layoffs.

Elkem achieved an operating income of NOK 33 bn in 2024. The company employs over 7,200 people globally and is a leading provider of advanced silicon-based materials.