up and running, page-33

well seems they are getting the normal price, just checked the metal pages web sight one of our posters gave us.
and there they seem confident about mg

For our magnesium segment, we shipped 8,894 metric tons of magnesium at an average sales price of $2,793 per metric ton resulting in revenue of $26.5 million in the third quarter of fiscal 2012. This compares to 9,049 metric tons shipped in the third quarter of fiscal 2011 at an average sales price of $2,765 per metric ton contributing to $25.0 million in revenue. Our gross profit in this segment improved to 3.1% from 2.5% in the third quarter of 2011. Sequentially gross profit also improved from 2.6% recorded in the second quarter of 2012. The overall shipments, average sales price, as well as our gross margin remain steady despite the slowdown experienced domestically in China as well as the global uncertainties caused by the ongoing European debt crisis. We are encouraged by the recent price improvements which have taken place from July through August of 2012, where overall magnesium spot prices have increased by approximately 11.5%, and see this as a signal that demand trends are improving for the remainder of calendar 2012 and into 2013. As a result, we continue to build on our magnesium inventory in the quarter in anticipation of greater demand in the coming quarters. In our basic materials segment, we recorded overall revenues of $10.6 million in the third quarter of fiscal 2012, a decline of $9.5 million compared to the third quarter of fiscal 2011. The decrease in revenues was primarily due to the sharp decline in sales volumes from our construction steel related products as the tightened credit conditions in China that were stepped up in early 2011 severely impacted our customer's ability to obtain financing to purchase our products. Our consulting segment generated $0.1 million in revenue in third quarter of fiscal 2012 as compared to revenues of $11.8 million recorded in the comparable period of fiscal 2011 largely due to the timing of service and transactional contracts in the comparable periods. Consulting segment revenues vary from period to period depending upon the timing, nature, and scope of services we provide to clients. During the third quarter, we did not have any significant transactions as compared to the same quarter in prior year where we completed a transaction associated with the addition of a new client.