Tuesday, April 14, 2009

S.Africa's Assmang shuts ferromanganese furnace

(Reuters) - South Africa's African Rainbow Minerals (ARM) said on Tuesday that due to the ongoing low levels of carbon steel production subsidiary Assmang had shut down its No. 5 ferromanganese furnace.

The high carbon ferromanganese furnace with a capacity of about 55,000 tonnes per year was shut last Tuesday.

Furnaces 3 and 4 had already been closed, it said.

"These furnaces will be kept out of operation until market conditions warrant start up," ARM said in a statement.

The group's convertor for production of refined alloys, which has not produced since December 2008, would also remain closed and would be restarted as demand increases.

Assmang is jointly owned by ARM and Assore.

Read more at Reuters

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