Ferrosilicon Prices Rise on Coal Cost Push
Ferrosilicon prices climbed in tandem with rising coal and semi-coke costs through late August into early September, driven by tight coking coal supply and strong auction market premiums. Higher ferrosilicon costs significantly raised primary magnesium smelting costs, prompting at least seven producers to plan or enact production cuts. The cost-side pressure on ferrosilicon is expected to persist as coal supply gaps remain difficult to close in the near term.
