Third Quarter 2021 Production Report

Insiders believe the price increase of raw materials also contributes to the price fluctuation in the magnesium market.

The United States’ imports of finished steel products increased moderately month on month but ballooned year on year in September.

Up 16.5 Percent YTD in 2021 from Same Period in 2020.

Adjusted year-to-date production through October 23, 2021 was 77,019,000 net tons, at a capability utilization rate of 81.3 percent.

Some of these higher offers, especially those for high-grade material, have gained acceptance in the market and deals have been concluded at these levels.

Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China dipped by $1 per tonne on October 26 to $154 per tonne.

“We remain bullish on 2022 [steel demand in Brazil],” Werneck said. “For flat steel, the outlook is positive.”