Europe FeTi price dip to be brief, new tenders expected

The European ferro-titanium price dropped over the week to Wednesday March 3, with the range widening lower, which surprised industry sources because an acute shortage of scrap has been pushing up all titanium markets in recent months, sources said.

The dip in ferro-titanium prices should be brief, however, given the upward pressure on prices from tight feedstock supplies, which is squeezing alloy makers' margins. Alloy makers expect steelmakers’ tenders for ferro-titanium this month to promote higher alloy prices into the second quarter, they said.
Fastmarkets assessed the price for ferro-titanium 70% Ti, max 4.5% Al, ddp Europe at $7.70-8.20 per kg on Wednesday March 3 from $7.90-8.20 per kg the week before. Trade sources reported hearing offer prices as low as $7.50 per kg, but there were no confirmed deals.
One central European producer reported offering standard grade ferro-titanium at $7.50-8.00 per kg ddp for both prompt and second-quarter delivery demand.

Another European producer said they are considering offering material at $7.50 per kg in the near term after failing to achieve buying interest when they offered slightly...

Published

Declan Conway

March 04, 2021

16:42 GMT

Galway