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OM : March 2016 Quarterly Production & Market Update

  • Wednesday, April 27, 2016
  • Source:ferro-alloys.com

  • Keywords:FeSi Ferrosilicon
[Fellow][www.ferro-alloys.com]Ferrosilicon produced during the March 2016 quarter of 30,643 tonnes, an increase of approximately 103% over the corresponding quarter in 2015

[www.ferro-alloys.com] MARCH 2016 QUARTERLY PRODUCTION AND MARKET UPDATE

The Board of OM Holdings Limited ("OMH" or "the Company") is pleased to provide the following update.

HIGHLIGHTS

OPERATING PERFORMANCE

OM SARAWAK (75%, Samalaju, Malaysia)

  • Ferrosilicon produced during the March 2016 quarter of 30,643 tonnes, an increase of approximately 103% over the corresponding quarter in 2015
  • Achieved a production average of 58.59 tonnes of ferrosilicon per furnace per day, which exceeded the furnace design capacity of 55 tonnes per furnace per day
  • Ferrosilicon sales of 25,155 tonnes for the March 2016 quarter

    EXPLORATION AND MINING (OMM, 100% owned Bootu Creek Manganese Mine)

  • There was no mining and production activity carried out for the March 2016 quarter

    MARKETING AND TRADING, AND MARKET UPDATE

  • 282,787 tonnes of third party ores and alloys were transacted during the March 2016 quarter
  • China's crude steel production between January to March 2016 amounted to 191.7 million tonnes, representing a 1.07% quarter-on-quarter decrease
  • World crude steel production for the March 2016 quarter was 385.4 million tonnes, representing a 0.24% quarter-on-quarter decrease.

Article from Internet for Reference only 

  • [Editor:Sophie]

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