Companies mentioned in the report: Kuznetskie Ferroalloys, Elkem Rana AS, OM Sarawak SDN. BHD., Chelyabinsk Electrometallurgical Plant, Finnfjord Smelteverk, Mechel, Iran Ferroalloy Industries Company, Zaporozhye Ferro Alloys Plant, Huta Laziska SA, Ferroglobe PLC, Egyptian Ferro Alloys Company, Pertama Ferroalloys Sdn. Bhd., OFZ, Novolipetsk Steel, Iran Ferrosilice Company, Kuwait Ferro Alloys, Washington Mills, Noah Chemicals, Chemalloy Co., Mil-Spec Industries, BariteWorld, C&C Metal Products

NEW YORK, July 05 2022 (GLOBE NEWSWIRE) — IndexBox has just released a new report: US – Ferro-Silicon – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the main findings of the report.

American ferro-silicon Market statistics

The US ferro-silicon market contracted to $804m in 2021, down -5.3% from a year earlier. This figure reflects the total revenues of producers and importers (excluding logistics costs and intermediary margins, which will be included in the final consumer price). In physical terms, the consumption of ferro-silicon in the United States amounted to 473,000 tons. REQUEST FREE DATA

Ferrosilicon production in the United States

In 2021, after two years of decline, ferrosilicon production increased, with its volume increasing by 3.4% to 300,000 tonnes. In general, production has shown a relatively stable trend over the past decade. In value, ferro-silicon production totaled $459 million in 2021. REQUEST FREE DATA

US exports of ferro-silicon

In 2021, the amount of ferro-silicon exported from the United States skyrocketed to 17,000 tons, with a 68% increase over the previous year. Over the past decade, however, exports continue to show a drastic slowdown. REQUEST FREE DATA

In terms of value, exports soared to $31 million in 2021. Over the past decade, however, exports continue to point to a deep slump.

The story continues

Exports by country

Canada (8,000 tonnes), Mexico (5,400 tonnes) and Belgium (719 tonnes) were the top destinations for US ferrosilicon exports, with a combined share of 84% of total volume. These countries were followed by Brazil, Turkey, the United Kingdom, Switzerland and Spain, which together accounted for an additional 13%.

In terms of value, Canada ($14M), Mexico ($11M) and Brazil ($1.1M) appeared to be the largest markets for ferrosilicon exported from the United States globally, with a combined share of 85% of total supplies. These countries were followed by Turkey, Belgium, the United Kingdom, Spain and Switzerland, which together accounted for an additional 12%.

Among the main destination countries, Switzerland, with a CAGR of +49.3%, experienced the highest growth rate in the value of exports over the past decade. Deliveries from the other leaders experienced more modest growth rates.

Export prices by country

The average export price of ferrosilicon stood at $1,833 per ton in 2021, up 12% from the previous year. Prices varied significantly depending on the country of destination: the country with the highest price was Mexico ($2,095 per ton), while the average export price to Belgium ($978 per ton) was among the lowest. . From 2011 to 2021, the most notable growth rate in terms of prices was recorded for supplies to Canada (+6.2%), while prices for other major destinations experienced contrasting developments.

US imports of ferro-silicon

After two years of growth, foreign purchases of ferrosilicon decreased by -6.9% to 189K tons in 2021. Over the past decade, imports have recorded a noticeable reduction.

In terms of value, ferrosilicon imports soared to $433 million in 2021. Over the past decade, imports have shown a relatively stable trend.

Imports by country

In 2021, Russia (79,000 tons) was the largest supplier of ferrosilicon to the United States, accounting for a 42% share of total purchases. In addition, imports of ferro-silicon from Russia exceeded the figures recorded by the second supplier, Canada (32K tonnes), by more than double. The third position in this ranking was occupied by Brazil (22K tons), with a share of 12%.

By value, Russia ($229 million) was the largest ferrosilicon supplier to the United States, accounting for 53% of total imports. The second position in the ranking was occupied by Canada ($57 million), with a share of 13% of total purchases. It was followed by Malaysia, with an 8.9% share.

From 2011 to 2021, Russia’s average annual growth rate in value amounts to +3.5%. The other supplier countries recorded the following average annual import growth rates: Canada (-1.3% per year) and Malaysia (+50.6% per year).

Import prices by country

The average import price of ferrosilicon stood at $2,284 per ton in 2021, up 85% from the previous year. There were significant differences in average prices between major supplying countries. In 2021, the country with the highest price was Russia ($2,904 per ton), while Brazil’s price ($1,447 per ton) was among the lowest. From 2011 to 2021, the most notable growth rate in terms of prices was achieved by Kazakhstan (+6.9%), while the prices of the other main suppliers experienced more modest growth rates.

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Product coverage

Ferro-silicon.

Related links

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CONTACT: Contact Information Mekhrona Dzhuraeva Editor [email protected]