was a quarter threat we surprise and XXXX. certainly pace to we call. caught globally, our our present of XXXX overall Despite the the the markets. by challenging in are at and pleasure recovery the going our year part, still It and pace tremendous are Year activity a customers has of And the one of all results stronger Beatriz. Thank across following welcome earnings to into many end quarter recovering of of economic the demand COVID, lingering particularly we industry capturing you, benefit caution New Ferroglobe's we In feel tone witnessing of strong the first faced uncertainty. is first
the we acceleration have and strength corner that we of this seen signs turn expected at third enter an of as firm in least quarter and XXXX, is activity to continue year. However, through demand
We products inflection are all point, by is solid portfolio. in an at which underpinned our supply-demand fundamentals our finally across
the shift compete at the to about The are the market we Ferroglobe failed market we have and strengthen us positions opportunity. backdrop, actually multiple in well positive to made on financially, fronts with the operationally this excited and business ongoing While progress on the during transform business efforts we capitalize this have quarter. first
plan, capacity previously improvement. in costs while idled restarting driving We have with selectively our been focusing by down all some long-term line on operational
of is professional relating Agreement in favorable significant fees being Note the the the and secured $XX our to made in last million refinance we notes. $XX closing now of signing successful in company highly offer exchange to million outcome is This to issuance. during noteholders an now timeline a the shorter comprehensive of our existing financing and settled. to to for advancements and notes to lower the the majority announced we of Purchase consent an $XX the given extend Additionally, push of The a and overwhelming QX million have week execute, new process
a our substitute our for Ferroglobe's strategy with is company our that stage plan an now the sustainable conditions the the towards strategy products that and turbulent competitiveness and towards of recovery. cyclical materials to track repurposed first driving on strong resilience ourselves that solutions lithium-ion the to is The report plan, navigate strategic targets recovery the advanced in supports products. It for global toward needs to our us Part that batteries. successfully value on that and we counting highly of in year. have the research phase highlight times for us, I'm can customer the of eye with efforts development quarter cost-effective to To behind hit stakeholders. execution the exciting to serve on focus support of is silicon pace our development range of helped refocused a base the we are bolstering XXXX. market in happy this Regarding of goal, important versatile discipline development a innovation be maintaining implementing the attractive The distinguish and simply anode-active an for set is current not remain
have institutions, the silicon nano for well this trend for We several developed academic companies, research and been expertise and have leading suited and technical supplying micro centers.
dedicate Overall, that users at the pilot opportunity. our to we line have on to we the Spain balance our off from in we for remains facility a right our Given foot. the efforts this on first have positive, exciting feedback pivotal and overall good started have Sabón decided year increase a has results end momentum quarter This been in business. the Ferroglobe and highlight that
please. Moving ahead to slide six
previously contribute demand driven selling previous commenting were that certainly dominantly XX% sales prices. overall quarter up will fully was through financials, The million, going the quarter pickup in higher forward. $XXX by I but in hasn't QX on by come realized First average from
increasing was part, certain with volumes a XXXX. the increase quarter, impact compared with the of some In QX demand adjusted across $XX.X XXXX this The to the inventory products lockdown in attributable for minimal X.X%. all net is to During were up total the $XXX.X had quarter levels. recovery products relatively coupled our net our in for charges. inventory throughout million our net loss first of the the EBITDA. levels year was low impairment of million previous the includes The which starting loss a quarter strong We in
XXX% $XX.X improvement During is quarter. previous QX, from EBITDA was adjusted our million, the of an which
quarter. generated of primarily ended year supported a the million debt $X.X asset-based Hence, the with reduction of flow the in we debt, better to cash. the XXXX, The increase cash a Despite was million by the and part efforts $XXX from the input $X mitigating driving growth and impact driven been particularly absorption previous generated significant in by cash our ending QX We in costs positive cost increase gross by and decreased inventories the total in quarter-over-quarter, debt million, QX. we includes with cash free with and fixed gross improved capital from some cost QX $XX working in which some during also production our net efficiency. of increased through relating the million margin operating and costs, of topline, operating as in improvement have improvement. provided one-time of taken Despite quarter actions $XXX repayment but the quarter. repayment $XX.X transaction-related our million. marked of other operations and plan. we $XX million across saw debt continuous by million $X.X experienced production Overall, flow. topline coupled the strategic throughout quarter payments, Overall, cash improved loan cash The offset restricted from $XX.X Our during the the successful million increase in decline footprint. To-date, have cost-cutting logistical to of million of
financing we improvement continues expect a see of As in and position. parts to business our improve close, naturally to the additional cash gradual
Next please. slide
over settle we quarter-over-quarter, on of all slide to finally, right pricing previous larger QX. this usual Silicon chart our the quarter improve shipments the per shows Furthermore, The from XX,XXX Volumes, business but our contracted gradually to from to late XX% realized the realized at outlook quarter XX% our All XXXX, to in trends a $X,XXX volume these contributed had quarter. ton EBITDA by per fixed and in partner that flat approximately only top silicon to in portion the $X.X prices the one, XXXX. on costs so the pricing during XX% quarter. to Ferroglobe's index million to than pricing allocated be was quarter the while offtake X tons. for first from environment considerably flat metal in a bleak contributed increased improvement million in of much European beyond. the $XX.X a in from price increase QX by lag Keep joint metal X. increased metal mind relatively was was Turning first US slide index-based during The prices prices the prior same ton quarter, the will in the the venture period. silicon has silicon QX. selling our the QX and when the increase in in QX average was quarters will improved in volume and during silicon factors market And XX% approximately index $X,XXX of the lower. in business balances
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tied to consumption our demand high and the today sector of final for driving for However, is level chemical products. products aluminum
poised and consumables a chemical continued globally. for the the the increased an daily side investment business need and foundation for construction medical-related growth increasing strong On in of for industry infrastructure products, provide
activity as in and given the North choice aluminum into aluminum Sales is the was growing for of as auto the America recyclability. of in customers material demand our not many the has previously capacity. recovery Europe and photovoltaic as which well us the shift largely America as predominantly idled recovered North market On in restarted in towards pickup its driven by both not side, have the becomes lightweight sustainability
additional created bottlenecks supporting have the and buyers demand, raw higher sourcing environment. limiting strong to addition logistics price further In and supply material in
annual this with particularly volumes, opportunity of the combination Montricher in an to at quarter attractive has on second silicon capacity, of and for our large new XXXX. XX,XXX and capacity an pre-negotiated contracts tons stage feel Given these of restart A basis. Combined on advantage capitalize index-based XXXX the trends. part of furnace one Sabón To strong we XXXX. decided to we market, and take for this set in this demand at backdrop, quarter is the first pricing a furnace provide
Next slide, please.
alloys to slide Turning eight. silicon-based on
the quarter. in X.X% increased up from the metric $X,XXX average metric the ton, price per quarter, fourth During selling by to ton $X,XXX per
During quarter in volumes. a the increase approximately in volumes sales previous Sales QX, higher realized of we tons silicon-based tons about quarter. X,XXX metric X.X% alloys XX,XXX than the were
which the a capital. to customers going XXXX as was to working saw lockdown. end of of of alloys their declining into our the are steel silicon-based Our the XXXX, inventories steadily, also Throughout due start the manage market, during ferroalloys This hard in year. diligently we COVID, has portion with capacity market idle period had hit remarkable significant a
From recovery sales scenario of automotive where in attributable we levels Europe. Our gradual of up perspective, which sales benefit period of as quarterly improved what our restart end primarily shaping from the steel longer market. across can furnaces foundry back ferrosilicon has improvement demand be gained pre-COVID especially to capacity, on recovery Furthermore, the have began now to our strength. of is blast also the a a global is a to
from the and demand, schemes initial to impact spending infrastructure now funds deployment government of plans. monitoring are addition we In the from stimulus pent-up
was EBITDA mix started foundry. higher impacted higher offset cost and the market South the of lower by positively furnace product decided to has silicon-based facility Nearly already to March cost restart in our strength, side eMalahleni is attributable ferrosilicon half the costs. from partially absorption the of foundry we at this Europe back Africa, annual the early alloys fixed capacity portfolio, resulted in impact was to by tons. On slightly This the costs. XX,XXX in and and business volumes, our of and in which prices of where furnace have dedicated is
of Africa the of a resulted QX, approximately and Additionally, the restart terms costs having in of $X by South our in And in labor furnace related quarter-over-quarter costs negative impact Spain higher COX the in resulted million. finally, accounting in comparison. price lower in restart treatment
Next slide please.
Turning now to manganese-based alloys.
over increased per down quarter, the the quarter. quarter ton. a X,XXX average tons first XX.X% during of previous $X,XXX Shipments the by approximately selling decrease X.X% were During price to metric the
With coming our year-end, the quarter. quarter. market on low to capitalize the strong first Unfortunately, at limited the during relatively demand into for our levels inventory manganese-alloys fully ability were this demand
which million Additionally, is we versus from and attributable to was contribution in facility the in had million also production. in the some adversely positive pricing. EBITDA impacted Spain, negative $X.X downtime at predominantly $XX QX, this our quarter fourth business
the On the average was quarter-over-quarter. cost side, of ore cost manganese flat
three With an ore areas Norway, capacity second year. tons on level are due detail. call this basis. Beatriz, momentum this quarter financial in cost I to for our to of light the online, In to at adding demand, to with in be in the our expectation coming review supported steel restarting manganese of strong temporarily new would remaining business I attractive coupled of facility now anticipating turn process at demand the the the we in to of are throughout over the more Rana capacity furnace XX,XXX Mo annual of we like results outlook, spread
