October 2021

China's domestic stainless steel supply rises

China’s domestic stainless steel prices were unchanged over the week ended Wednesday October 20, but market participants are expecting them to drop on increased supply.

TITANIUM SNAPSHOT: Alloy market slow ahead of major tender, scrap steady

Key data from Fastmarkets’ pricing session in Europe on Wednesday October 20.

Russia removes or reduces duties on ferro-alloy exports

The Russian government has removed or reduced existing export duties on ferro-alloys, effective October 15, after responding to domestic industry concerns, trade sources said.

EUROPE STAINLESS STEEL: Higher prices expected on energy costs despite slow demand

The price of stainless steel in Europe was stable this week but mills were expected to try to push through increases because of higher energy costs, despite the fact that demand has slowed in recent weeks, Fastmarkets heard on Friday October 15.

SPECIALTY STEEL RAW MATERIALS 15/10: Buyers accept higher ferro-molybdenum offer prices

An overview of the specialty steel raw materials markets in Europe and their latest price moves.

Marcegaglia Specialties pickling line out for 2-3 months due to fire, cold-rolled stainless coils affected

Italian stainless steel re-roller Marcegaglia Specialties reported a fire at one of its flat product pickling lines on Thursday October 14 and will be out of action for two to three months, a company source told Fastmarkets on October 15.

Europe must do more to help metals sector, Eurometaux says

The EU and its member states must do more to assist domestic metals producers after the European Commission this week issued its “toolbox” to tackle a surge in energy prices that was forecast to last through the coming winter, according to regional non-ferrous metals industry body Eurometaux.

Domestic stainless steel demand in China weaken amid power woes

China’s domestic demand for stainless steel has weakened in the past few week due to a widespread electricity shortage across the country, which weighed on prices in the week to Wednesday October 13.

TITANIUM SNAPSHOT: Alloy price range widens upward but trading slow

Key data from Fastmarkets’ pricing session in Europe on Wednesday October 13.

Spot, tender price gap develops in Chinese FeCr market

A price gap between spot and tender prices developed in China’s ferro-chrome market in early October after sellers in the spot market raised their prices because of supply tightness, while major stainless steel mills decided to keep their tender prices flat from the previous month.