Weak consumer demand pushes ferro-tungsten market to 3-year low

Continuing weak buying interest pushed ferro-tungsten prices to a three-year low in Europe in the week to Friday May 1.

The alloy market has been under pressure for the past two months with the responses introduced to combat the spread of the Covid-19 virus continuing to reduce demand for tungsten products.

Fastmarkets’ price assessment for ferro-tungsten basis 75% W, in-whs dup Rotterdam, moved down to $27-28 per kg on Friday May 1, from the midweek assessment of $27.70-28.80 per kg. A large...

Published

Ewa Manthey

May 04, 2020

15:42 GMT

London