Production output for the quarter ended 30 September 2021 of 33,453 tonnes of ferrosilicon (¡°FeSi¡±), 59,307 tonnes of manganese alloys (silicomanganese (¡°SiMn¡±)) and 34,542 tonnes of manganese sinter ore.

US ferro-silicon (75pc) prices increased to $2.60-2.80/lb from $2.20-2.30/lb on 30 September.

The tone of steel bidding in September was established last Friday with the bidding price of HBIS Group at 10700 yuan per ton.

More buying interest from steelmakers is expected in the next few weeks and there should be an increase in inter-merchant trading in that time.

Steel mills that come to the market in September for ferro-silicon to be delivered in October will probably need to pay more than €1,900 per tonne.

Based in the north of Norway, Finnfjord operates three furnaces.

...coupled with the elevated Chinese price for magnesium, the key consumer of 75% of ferro-silicon, drove up the ferro-silicon price.

The spot price moved higher for the first time in three weeks, hitting a record high since Fastmarkets started assessing the market in January 1997.