Ferro-titanium producers have been holding back from securing new deals for their intake of scrap and other feed sources, such as titanium sponge, until their quarterly supply deals with steel mills are settled. Some ferro-titanium tenders were expected to be settled before April, with the rest done early in that month, sources said.
Fastmarkets assessed the price for ferro-titanium, 70% Ti, max 4.5% Al, ddp Europe
, at $7.70-8.20 per kg Ti on Wednesday March 17, unchanged from the week before.
“We have had a significantly higher number of buying inquiries this week, with about 600 tonnes on a spot basis and also big annual contract buying inquiries,” one UK ferro-titanium producer said in the week to Wednesday.
“We have no sales to report yet, mostly due to a lack of availability from us. The scrap turnings shortage goes on and there seems to be an increasing shortage...