US FeTi scrap price records first decline since August 2020

The price of ferro-titanium scrap in the United States has fallen for the first time since August 2020 following a push-back by ferro-titanium manufacturers who are facing weaker US prices for their products, some market sources said.

Just over a month ago, scrap prices were reportedly rising by 5-10% week on week amid an extreme shortage related to a decline in aircraft building during the Covid-19 pandemic.
The high price of scrap was the main factor behind a rally in the price of ferro-titanium that began in September last year, produced hourly price increases by December and lead to the price of the finished product peaking in January.

The price...

Published

Orla O'Sullivan

June 14, 2021

07:04 GMT

New York