Elkem curtails ferrosilicon production in Norway and Iceland
Elkem curtails ferrosilicon production in Norway and Iceland
Oslo, 20 October 2025
Elkem ASA has decided to partially curtail ferrosilicon production at the plants
in Rana, Norway and in Iceland due to challenging market conditions. The
curtailment may result in temporary layoffs of employees.
"We have decided to temporarily curtail production due to ongoing weak market
conditions in Europe, which has led to rising inventory levels and lower prices.
Following the European Union's investigation into potential safeguard measures
on imports of ferrosilicon and ferroalloys, uncertainty has increased further.
We will we use the shutdown to reduce our inventories and support a better
market balance," says Elkem's Senior Vice President for Silicon Products, Inge
A. Grubben-Strømnes.
"The challenging global market conditions highlight the critical need for
competitive, predictable framework conditions and continued access to the EU
market for Norwegian industry," adds Grubben-Strømnes.
The core product at Rana and in Iceland is ferrosilicon (FeSi), which is a
critical raw material for the steel industry.
For further information, please contact:
Marianne Stigset
VP Corporate Communications & Public Affairs
Tel: +47 411 88 482
Email: [email protected]
About Elkem
Elkem is one of the world's leading providers of advanced silicon-based
materials shaping a better and more sustainable future. The company develops
silicones, silicon products and carbon solutions by combining natural raw
materials, renewable energy and human ingenuity. Elkem helps its customers
create and improve essential innovations like electric mobility, digital
communications, health and personal care as well as smarter and more sustainable
cities. With a strong track record since 1904, its global team of more
than 7,200 people has a joint commitment to stakeholders: Delivering your
potential. In 2024, Elkem achieved an operating income of NOK 33 billion. Elkem
has been awarded top score of A on Forests and Water Security, and B on Climate
Change from CDP. Elkem is listed on the Oslo Stock Exchange (ticker: ELK), where
the company is also included in the ESG Index. www.elkem.com