PCC BakkiSilicon sales fall as market slump forces July shutdown

PCC Bakki Silicon

PCC BakkiSilicon sales fall sharply on weak prices and a July production halt. The PCC BakkiSilicon sales fall reflects collapsing European silicon margins amid cheaper Chinese metal. As a result, PCC BakkiSilicon sales fall becomes a test case for EU trade defenses.

Output cuts and shutdown follow collapsing economics

PCC operated at half capacity during the second quarter as prices deteriorated. Therefore, the firm fully suspended production on 20 July to stem losses. Sales fell to €14.8mn in 2Q from €22.8mn a year earlier. Meanwhile, first-half sales dropped 38pc to €27.3mn. The segment’s ebitda loss widened to €9.3mn from €6.6mn.

Policy push centers on EU safeguards and Iceland tariffs

PCC urges EU safeguards on silicon metal to protect local producers. The company also seeks a review of Iceland’s import tariffs. It alleges unfair trade practices by Chinese silicon suppliers. Consequently, management frames policy action as critical to avoid Europe-wide plant closures.

PCC BakkiSilicon sales fall underscores Europe’s silicon supply risk. Moreover, sustained Chinese price pressure threatens regional self-sufficiency. Producers may need relief until demand normalizes and spreads recover.

The Metalnomist Commentary

Europe’s silicon chain is flashing red on price arbitrage and power costs. Unless safeguards and tariff clarity land quickly, deindustrialization risk rises. Watch contract resets into 2026 and any curtailments beyond Iceland for guidance on bottom formation.