TITANIUM SNAPSHOT: Alloy market slow ahead of major tender, scrap steady
Key data from Fastmarkets’ pricing session in Europe on Wednesday October 20.
• European ferro-titanium suppliers held their offer prices steady in the week to Wednesday October 20 ahead of an expected major tender from major South Korean steelmaker Posco due by the end of the month.
• Suppliers expected Posco to request offers from suppliers for a yearly contract to cover 2022. The contract total would be around 3,500 tonnes and should mean delivery settlements with multiple supplies to be sent monthly through the year on a formula basis.