July 2021

Indian steel industry welcomes govt incentives for specialty steel segment

Steelmakers in India have welcomed a newly approved Production Linked Incentive (PLI) program for the specialty steel sector to encourage domestic production, new investment and reduce imports.

Tsingshan issues highest ferro-chrome tender price in 13 years

China’s leading stainless steel producer, Tsingshan Group, has set its tender price for August-delivery ferro-chrome at 10,795 yuan ($1,665) per tonne, the company announced on Monday July 26. This is its highest tender price since September 2008.

IN CASE YOU MISSED IT: 5 key stories from July 23

Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.

Marcegaglia confirms intention to bid for stainless steelmaker AST

Italian steel re-roller Marcegaglia has been short-listed for the purchase of Italian stainless steelmaker Acciai Speciali Terni (AST), which is owned by German steelmaker Thyssenkrupp.

FOCUS: European steelmakers look early to Q4 bulk alloys deals

European steelmakers are returning to the bulk alloys markets for quarterly deliveries to be shipped between October and December due to persistent supply tightness, shipping delays and container shortages and strong steel production and prices, sources told Fastmarkets.

Anticipation for export tariff returns in China's stainless steel market

Domestic and export prices for Chinese stainless steel prices rose sharply over the week ended Wednesday July 21 on tight supply, which led to increased expectations of an export tariff to ease the shortage.

Tight supply continues to ratchet up China’s ferro-chrome prices

Domestic prices for ferro-chrome in the spot market in China surged in the week ended Tuesday July 20 following production cuts in the province of Inner Mongolia.

TITANIUM SNAPSHOT: Alloy prices widen upward on renewed demand

Key data from Fastmarkets’ pricing session in Europe on Wednesday July 21.

EUROPE STAINLESS STEEL: Cold-rolled prices continue to rise on tight supply

The price of cold-rolled stainless steel in Europe increased during the week to Friday July 16 amid a shortage of material, sources told Fastmarkets.

EUROPE ALLOY STEEL SCRAP: Market approaches summer slowdown

The price of austenitic stainless steel scrap remained steady in the week to Friday July 16 ahead of the summer slowdown, sources told Fastmarkets.