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.