Finland’s Outokumpu to Double Ferrochrome Output

Bloomberg reported that Finland’s largest power user, stainless-steel maker Outokumpu (HEL:OUT1V), will increase its annual power consumption by 40 percent over the next two years, during which time it plans to double its ferrochrome output capacity to 540,000 metric tons per year.

As quoted in the market news:

Power use will rise by 1 terawatt-hour from a maximum 2.5 terawatt-hours currently, Saara Tahvanainen, a company spokeswoman in Helsinki, said by telephone. That compares with Finland’s total electricity use of 84.4 terawatt-hours last year, according to the Finnish Energy Industries association.

The new capacity will start next year and full production may be reached in 2014 as the company doubles ferrochrome output capacity to 540,000 metric tons a year, Tahvanainen said.

Click here to read the full Bloomberg report.