TITANIUM SNAPSHOT: Scrap prices hit 6½-year high on shortage

Key data from Fastmarkets’ pricing session in Europe on Wednesday February 3.




Key drivers

European titanium scrap markets resumed price increases over the week on tightening supplies. Both low and high tin content turnings are particularly hard to source, with other feedstock to make ferro-titanium, such as vacuum-grade and sponge, also pushing higher as alternative feeds are sought. Scrap price gains are starting to squeeze profit margins for ferro-titanium producers, with alloy prices only slightly higher since...

Published

Declan Conway

February 03, 2021

15:26 GMT

Galway