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top quality ferronickel is what we do


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Euronickel Industries DOO ("Euronickel") operates a ferronickel plant in Kavadarci, Republic of North Macedonia. The pyro-metallurgical plant employs directly around 800 people and produced approximately 10,000 tonnes of high quality, low carbon ferronickel in 2018. Significant investments are under way to upgrade the operations and expand production. Euronickel is a responsible producer with an A-Integrated environmental license, in line with the European directives (IPPC). Euronickel is a member of the Economic Chamber of Republic of North Macedonia and a member of the Metallurgical Association

Euronickel is owned by the GSOL Fund, which acquired the plant in the successful reorganization during 2018-2019.

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Nickel in the form of Ferronickel

The core product of Euronickel Industries is nickel in form of ferronickel. Ferronickel is an alloy with approximately 20% of nickel (Ni) and 80% of iron (Fe), produced by smelting and refining various nickel ores with nickel content in the range of 1% to 2.2% Ni and 15% to 40% Fe. Each produced tonne of nickel carries additional 4 tonnes of pure iron. Stainless steel producers harvest major advantages by feeding pure iron along with the nickel.


  • In parallel with ferronickel production, Euronickel produces slag as a by-product, which comes in two subtypes:
  • - Electro-furnace slag and
  • - Converter slag