FOCUS: Vanadium market underestimates ferro-niobium switch; ferro-vanadium prices tumble 25% in March

Weaker-than-expected demand from steel mills following the introduction of new rebar standards in China and increased use of ferro-niobium there have hit the ferro-vanadium market with prices in Europe now trading at levels last seen in December 2017.

So far this month, the European ferro-vanadium price has fallen by more than 25%.

Fastmarkets assessed the price for ferro-vanadium, 78% min, free delivered duty-paid, Europe, at $55.50-58 per kg...

Published

Ewa Manthey

March 28, 2019

10:43 GMT

London