Monthly Magnesia Market Report Feb 2026
2026-03-13 08:33:17 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1.Market Highlights
Magnesite: Most miners are in suspension state, and keep prices steady due to the slow demand.
Fused magnesia: Encouraged by increased electricity prices, producers raise prices.
Dead burned magnesia: Based on firm production cost, most producers hold prices unchanged though demand remains weak.
Caustic calcined magnesia: Based on firm production cost, most producers hold prices unchanged though demand remains weak.
Magnesium aluminate spinel: Encouraged by increased electricity prices, producers raise prices of FMAS. Owing to dropped prices of alumina, producers lower the prices of SMAS.
2 Economy and Policy
2.1 Global crude steel production down 6.5% YoY in January
According to the latest statistics from the World Steel Association (worldsteel), global crude steel production totaled 147.3 million tonnes in January this year, a decrease of 6.5% year-on-year.
In Asia, crude steel production reached 107.6 million tonnes, down 8.6% year-on-year. Among major producers, China's output was 75.3 million tonnes, down 13.9% year-on-year; Japan produced 6.8 million tonnes, down 0.5%; India's output surged to 15.1 million tonnes, up 10.5%; and South Korea recorded 5.6 million tonnes, up 5%.
Within the EU (27 countries), January crude steel production was 10.3 million tonnes, down 2.3% year-on-year. Germany, the bloc's largest producer, saw output climb to 3.1 million tonnes, a 15% increase from the same period last year. In North America, total output was 9.2 million tonnes, a slight dip of 0.6% year-on-year, with the United States producing 7.1 million tonnes, up 3.3%.
Magnesite: Most miners are in suspension state, and keep prices steady due to the slow demand.
Fused magnesia: Encouraged by increased electricity prices, producers raise prices.
Dead burned magnesia: Based on firm production cost, most producers hold prices unchanged though demand remains weak.
Caustic calcined magnesia: Based on firm production cost, most producers hold prices unchanged though demand remains weak.
Magnesium aluminate spinel: Encouraged by increased electricity prices, producers raise prices of FMAS. Owing to dropped prices of alumina, producers lower the prices of SMAS.
2 Economy and Policy
2.1 Global crude steel production down 6.5% YoY in January
According to the latest statistics from the World Steel Association (worldsteel), global crude steel production totaled 147.3 million tonnes in January this year, a decrease of 6.5% year-on-year.
In Asia, crude steel production reached 107.6 million tonnes, down 8.6% year-on-year. Among major producers, China's output was 75.3 million tonnes, down 13.9% year-on-year; Japan produced 6.8 million tonnes, down 0.5%; India's output surged to 15.1 million tonnes, up 10.5%; and South Korea recorded 5.6 million tonnes, up 5%.
Within the EU (27 countries), January crude steel production was 10.3 million tonnes, down 2.3% year-on-year. Germany, the bloc's largest producer, saw output climb to 3.1 million tonnes, a 15% increase from the same period last year. In North America, total output was 9.2 million tonnes, a slight dip of 0.6% year-on-year, with the United States producing 7.1 million tonnes, up 3.3%.
