TITANIUM SNAPSHOT: Higher scrap, lower alloy prices squeeze margins

Key data from Fastmarkets’ pricing session in Europe on Wednesday March 31.

Key drivers Scrap markets for turnings are over $2 per lb cif Europe, with suppliers increasing their offer prices amid a persistent downturn in supply from the aerospace sector; aircraft manufacturing has nose-dived since the start of the Covid-19 pandemic when air travel slumped in line with international restrictions on people movement. The move has seen a correspondent fall in steel production as heavy industry imposed measures to enable social distancing at factories, meaning steelmakers need less...

Published

Declan Conway

March 31, 2021

15:32 GMT

Galway