Ferroglobe had not confirmed the closure to Argus at the time of writing and was not immediately available for comment.

MoIT sustains anti-dumping duty on Malaysia’s H-shaped steel

Steelmakers are concerned that the European Commission might suspend duties on some steel products.

Chinese magnesium metal prices have rebounded following a fall earlier this week as producers raised their offer prices in response to tighter spot availability.

The spread is over four times as wide as the $326/st from a year ago.

China's August output reached 233,300t, up by 7.56pc from July, according to data from the China Nonferrous Metals Industry Association.

Demand usually picks up during the Indian festivals of Dussehra and Diwali, which is celebrated in October and November, respectively.

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