INTL FERRO-ALLOYS CONF: Falling manganese ore market provides lifeline to European alloy producers

Recent falls in the manganese ore market will relieve the squeezed margins of European manganese alloys producers but may not prevent further output cuts, according to Kevin Fowkes, managing consultant at AlloyConsult.

“There is now some light emerging at the end of the tunnel for alloy producers,” Fowkes said on the manganese panel of Fastmarkets’ International Ferro-alloys Conference 2019, held November 17-19 in Budapest, Hungary. “Ore prices are now more in proportion to the alloy market and this is helping alloy producers.”

The 42.3% slump in Fastmarkets’ manganese ore index 37% Mn, cif Tianjin from $5.63 per dry metric tonne unit (dmtu) on July 19 to a low of $3.25 per  dmtu on November 8 has given manganese alloy producers support at the time their profits had been hit by high...

Published

Jon Stibbs

November 20, 2019

14:59 GMT

London