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.

US ferro-silicon market continued to trend upward in the week ending on August 20, 2021.

Price assessment for ferro-silicon 75% Si min, cif Japan widened upward to $1,900-2,000 per tonne on June 30, up by 1.31% from $1,900-1,950 per tonne on June 23.

The company plans to ramp up its production in stages, given the constrained manpower environment and its focus on prioritising employee safety.