YDD in Kazakhstan puts one furnace into operation
2020-11-19 08:35:24 [Print]
BEIJING (Asian Metal) 19 Nov 20 - As one of main ferrosilicon producers in Kazakhstan, YDD Corporation LLP based in Karaganda, Kazakhstan put one furnace of 65.5mVA into operation in early November, and its ferrosilicon output would ramp up by around 3,000t to around 10,000t in November, revealed a source from the company.
"Due to the increasing orders from Asia and Russia, we put the third furnace of 65.5mVA into use officially in early November, and our output could increase by around 3,000t and reach 10,000t in November with all the three furnaces running now," revealed the source on Wednesday. He mentioned that they may probably to run at full capacity in January and the output would ramp up further then. He also highlighted that they first deliver the material to Russian Vladivostok port or Chinese Lianyungang port, and then deliver to Asia in vessel. Their current offer for ferrosilicon 75%min in Asia hovers at USD1,050-1,060/t CIF Asia.
Their current annual production capacity reaches 180,000t in 2020. They produced around 7,000t in October and plan to increase to about 10,000t in November, holding no stocks. They keep three furnaces of 65,5mVA running now.
The cost of semi coke and electricity power in Kazakhstan almost accounts half of that in China respectively, which makes Kazakhstan ferrosilicon standing out amid the bids of steel mills in Asia. YDD was the largest one, and the total cost of the project by the YDD Corporation is assessed more than $94 million. The project was funded by Kazakh private funds and European investors with the Kazakh Development Bank included.
"Due to the increasing orders from Asia and Russia, we put the third furnace of 65.5mVA into use officially in early November, and our output could increase by around 3,000t and reach 10,000t in November with all the three furnaces running now," revealed the source on Wednesday. He mentioned that they may probably to run at full capacity in January and the output would ramp up further then. He also highlighted that they first deliver the material to Russian Vladivostok port or Chinese Lianyungang port, and then deliver to Asia in vessel. Their current offer for ferrosilicon 75%min in Asia hovers at USD1,050-1,060/t CIF Asia.
Their current annual production capacity reaches 180,000t in 2020. They produced around 7,000t in October and plan to increase to about 10,000t in November, holding no stocks. They keep three furnaces of 65,5mVA running now.
The cost of semi coke and electricity power in Kazakhstan almost accounts half of that in China respectively, which makes Kazakhstan ferrosilicon standing out amid the bids of steel mills in Asia. YDD was the largest one, and the total cost of the project by the YDD Corporation is assessed more than $94 million. The project was funded by Kazakh private funds and European investors with the Kazakh Development Bank included.
Ferro-silicon 75%min In warehouse Rotterdam
Unit:EUR/mt
China's ferrosilicon producers' sales to production ratio statistics by province by month
Unit: %
