February 2019

EUROPE STAINLESS STEEL: Prices stable but market braced for sharp rises

Prices for long and flat stainless steel products in Europe were stable this week, but at least one producer has announced sharp increases for March and the rest of the market is expected to follow suit.

GLOBAL CHROME SNAPSHOT: UG2 index into China up 2.5% on mill restocking; high-carbon FeCr in Europe increases

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday February 22.

Trade log February 2019: Ferro-vanadium and V2O5

The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe and China.

China’s domestic stainless steel prices continue to rise amid recovery in demand

Domestic stainless steel prices in China increased slightly over the past week amid an uptick in demand.

East Asian stainless steel prices little changed in quiet market

Import prices for stainless steel in East Asia inched up over the past week, with the upward momentum in regional prices subsiding on soft demand, sluggish spot trading and the stable nickel market.

GLOBAL MANGANESE WRAP: Imported 37% ore prices into China climb as buyers accept higher offers

Low grade ore prices rose strongly over the week ended Friday February 15 when some consumers accepted offer prices for March delivery that were increased over the Chinese New Year break.

GLOBAL CHROME WRAP: UG2 chrome ore price edges up in China on renewed consumption expectations

Fastmarkets’ UG2 chrome ore price strengthened in China on Friday February 15 ahead of stainless steel production restarts after Lunar New Year, while alloy prices in Europe and the United States fell.

GLOBAL FERRO-SILICON WRAP: Chinese market climbs on firm fundamentals; European suppliers resist further price cuts

The Chinese markets for domestic and export ferro-silicon rose in the week ended Friday February 15 on renewed demand after the Lunar New Year holiday, while the European market is stable, with traders offering alloy at about €20-30 per tonne below producer offer prices.

GLOBAL TUNGSTEN WRAP: Concentrate price supported by tightening availability; APT market quiet amid bearish sentiment

Ammonium paratungstate (APT) and ferro-tungsten prices were unchanged in Europe last week with China slowly coming back to the market following the Lunar New Year holiday, while the concentrate price continued to gain support from tight supply.

EUROPE STAINLESS STEEL: Market braced for March price rise

Steel alloy surcharges in the European stainless steel market were widely expected to increase sharply for March because of recent rises in the price of nickel, Fastmarkets heard on Friday February 15.