What is Ferrosilicon? Close to 90% of ferrosilicon is used in producing steel and iron. Ferrosilicon is a silicon source used to deoxidize steel and other ferrous alloys and to reduce metals from their oxides. This limits the loss of carbon from molten steel (a process known as heat blocking). Ferrosilicon is used in the production of of "green steel" and electrical steel, also known as silicon steel, which requires a significant quantity of ferrosilicon to improve the electrical properties of the steel, such as resistivity. Electrical or silicon steel is used for electromotors, transformer cores, and other electrical applications. Ferrosilicon is also used to make silicon and ferrous silicon alloys that are corrosion-resistant and high-temperature resistant. When ferrosilicon is alloyed with other metals, it can be used to manufacture semiconductors, which are in high demand in the electronics sector.
The first exchange-traded ferrosilicon product in Europe
Currently Ferrosilicon is only traded as futures contract on the Zhengzhou Commodity Exchange in China, making it hard for European investors to access the ferrosilicon market and manufacturers to hedge Ferrosilicon costs. FeSi MBX will be accessible globally, divided into stockpiles all around the globe and be separated by token for each region. Below is a list of the currently active Ferrosilicon MBX markets. We are planning to expand markets as we grow. If you have suggestions for a new market get in touch with us. In comparison to CFDs, options, and futures, MBX E-Commodities are 100% physical asset backed at all times (meaning that the underlying physical assets are and remain available at the storage location in the name of the token holder). Click here to learn more about MBX E-Commodities.
Unit / Token
Storage Location: Turkey Free Zone (duties unpaid)
FeSi 70 TR-FZ
FeSi 65 TR-FZ
Contact us to open new markets as a supplier
turkey: The bridge between east and west
Why we choose Turkey Free-Zone as our initial storage location for underlying physical Ferrosilicon
The reasons specific to Ferrosilicon are that Turkey itself is the 7th largest steel producer in the world and it offers cheap logistics to the European Union (which as Union is in second place for steel production worldwide) as well as many other top steel producing regions. At the same time, it also offers favorable conditions for supplying ferrosilicon from the currently participating and future suppliers. To learn more about the reasons why we chose Turkey Free-Zone you can click the article below.
Why Turkish Free Zones are ideal for storing commodities
participate in the fesi mbx markets
Join the MBX ecosystem and take your place in the next generation decentralized Ferrosilicon markets!
Manufacturers with demand for Ferrosilicon can hedge their raw material costs and procure securely and instantly
Suppliers of Ferrosilicon have direct access to a pool of global buyers ranging from industrial to speculative buyers
Provide automated and smart insurance policies for commodity logistics with decentralized applications and oracles
Demand for Ferrosilicon
Electrical (or Silicon) Steel
Curious for more?
More FAQ's coming soon. To ask questions and chat with the team you can join our Telegram group!