FOCUS: Bulk alloys markets under pressure in Europe, India

Bulk alloys markets in Europe are coming under sustained pressure from weak demand, with prices for manganese alloys dropping through May, while ferro-silicon prices have been falling since April, sources said.

Elsewhere, silico-manganese export prices have also been dropping in India, where recent restarts in production may be short-lived while producers consider cuts to stem or even reverse price losses, Fastmarkets heard.
In Europe, the ferro-silicon market has been hit with fresh price losses in the week to May 29 after briefly stabilizing the previous week. Ferro-silicon traders and producers were forced to cut their offer prices again because of persistently weak demand from steelmakers, with market producers expecting more losses in the coming weeks due to the seasonal summer slowdown, sources said.
Fastmarkets’ price assessment for ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe fell to €950-990 ($1,057-1,102) per tonne on Friday May 29, down from €990-1,050 per tonne the week before.

The market is currently at a new annual low and its lowest level since November 22, 2019 when the price range was at...

Published

Declan Conway

June 02, 2020

17:30 GMT

Galway