TITANIUM SNAPSHOT: Profit-taking cuts alloy market, scrap down

Key data from the Wednesday May 29 pricing session in Europe.

Key drivers - The European ferro-titanium price moved down week on week, dropping on profit-taking after six weeks of stability. - Some sources reckon supply worries on production cuts should support prices at the $5-per-kg level in the near term, although others reported prices below that point for third-quarter deliveries. One dealer reported buying 150 tonnes of alloy for shipment in June and July for $4.80 per kg. - Scrap markets have...

Published

Declan Conway

May 29, 2019

17:20 GMT

Galway