Finland-based stainless steelmaker Outokumpu has announced that it has officially commissioned its new ferrochrome works in Tornio, Finland, marking the start of the ramp-up phase of the €410 million investment project ahead of schedule. As the ramp-up is ongoing, the expected ferrochrome production for this year is approximately 400,000 mt, reaching the full doubled capacity of 530,000 mt by 2015.
According to Outokumpu, this doubled ferrochrome capacity will cover the majority of Outokumpu's ferrochrome needs. Outokumpu completed the €410 million investment ahead of schedule and below budget by the end of 2012.