South Africa's privately owned Samancor Chrome said on Wednesday that the two furnaces it re-started this month would produce an annualised 130,000 tonnes of ferrochrome.
In mid-December, Samancor, the world's second-largest ferrochrome producer, shut down all its mining and smelting operations until the end of February after demand slumped dramatically as steelmakers idled production due to the global financial crisis and slowing economic activity.
Samancor said on Tuesday it had re-started two of its sixteen furnaces this month. The company's annual capacity is 1.3 million tonnes of ferrochrome.
We managed our stock levels quite well and are in need of certain products, Sunel Pretorius, a spokeswoman for Samancor said in response to emailed questions.
For these two furnaces annualised, we will produce 130,000 tonnes of ferrochrome. The start-up of additional furnaces will be evaluated in line with the market's development, she added.
(Reporting by James Macharia)
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