| Ferrosilicon industry may warm up in the second half of 2009 | |||
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Asian Metal: How do you think ferrosilicon companies should react to the adjustment of the industrial structure? Mr Zhang: Ferrosilicon enterprises should improve their capacity. First of all, we should reduce our energy consumption. Secondly, we should adopt new technology and develop new products. Thirdly, we should improve industrial concentration. Asian Metal: You revealed during "Ferroalloys Summit 2009" in Sanya that your company plans to start some new projects in the second half of this year? How is the project going now? Do you have any specific plans in the near future? Mr Zhang: We will focus on developing cyclical economy in the next few years, including ferrosilicon, and the first phase is to start in the second half of this year. Asian Metal: So your company will not only be a trading company, but also a producer of ferrosilicon from the beginning of next year. Mr Zhang: Actually, we have begun switching to the production since 2008, including ferroalloys and agricultural products. Asian Metal: Your company has many foreign customers. Will you intend to develop Chinese domestic market when you start the production as the demand from domestic consumers is also very big? Mr Zhang: We will mainly focus on exporting firstly, and later we will certainly sell ferrosilicon in bother domestic and foreign markets. Asian Metal: What do you think about the ferrosilicon market trend in the second half of 2009? Mr Zhang: The ferrosilicon market will recover slightly in the second half of this year, and the price will go back to USD1,100/t. However, if there are some adjustments for power price and export duty, it is really difficult to say. Asian Metal: In the near future, will your company set foot in other ferroalloys industries, such as manganese alloys or chrome alloys? Mr Zhang: Under in the current situation, it is quite difficult to start the business of other ferroalloys due to the extremely slow demand. It is too risky for us. We will do the business of ferrosilicon steadily and step by step, and when the market becomes better in the future, maybe we will start the business of other ferroalloys. Asian Metal: Your company has been doing ferrosilicon business for many years, and I whish your company a bright future in the industry. Thank you again for your acceptance of this interview, Mr Zhang. Mr Zhang: Thank you for your wish. |
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