Europe FeTi suppliers set to boost offer prices on firm fundamentals

European ferro-titanium suppliers are set to push up their offer prices for the remaining months of 2021 with steel mills returning to the market after the summer slowdown, industry sources told Fastmarkets.

Suppliers have reported deals done above $8 per kg basis ddp for ferro-titanium for delivery in the fourth quarter, as well as deals done approaching $8 per kg for prompt shipment in Europe.
The titanium alloy market narrowed higher in its price range in the week to Thursday August 19, as higher-priced deals done for fourth quarter delivery strengthened spot market sentiment. Alloy suppliers reported fourth quarter deals at $8.30 per kg basis ddp and expect renewed spot demand around the end of August and into September with steel mills returning in full after the summer slowdown.

“It seems we will have an interesting time in the coming weeks," one European supplier told Fastmarkets. "Tight container availability and big delays, expensive freight rates to the US and Asia, the tipper [truck] situation in Europe, [the] Russian export tax situation, tightness on ferro-titanium and scrap. And the major steel mills...

Published

Declan Conway

August 19, 2021

17:16 GMT

Galway