November 2018

FOCUS: Weak Chinese steel market triggers plunge in ZCE silico-manganese futures prices

A plunge in silico-manganese futures prices on the Zhengzhou Commodity Exchange (ZCE) at the start of this week was driven by weakness in China’s steel market, market participants told Fastmarkets.

GLOBAL CHROME WRAP: Ore, alloy prices stable in China; market awaits December alloy tenders

Chrome ore and ferro-chrome markets were subdued in China in the week ended Friday November 23 ahead of December ferro-chrome tender announcements.

GLOBAL VANADIUM WRAP: China export prices drop on lull in consumer buying

Prices for ferro-vanadium and vanadium pentoxide from China slipped in the week ended Friday November 23 after sellers cut their export offers amid a lull in consumer buying and hesitance to purchasing at high levels.

GLOBAL MANGANESE WRAP: Concern over tight markets pushes up European alloys price; ores into China range-bound

Ferro-manganese and silico-manganese prices into Europe made strong gains in the week ended Friday November 23 in response to concerns of a potential shortage should demand see a renewal.

GLOBAL FERRO-SILICON WRAP: Chinese market bounces; European unchanged while buyers, sellers jostle for upper hand in contract talks

The Chinese ferro-silicon market rebounded in the week ended Friday November 23 when low stock levels at smelters met with renewed demand from consumers, while the European market is in a holding pattern while waiting to settle longer-term delivery settlements with steel mills.

GLOBAL TUNGSTEN WRAP: Chinese APT price drops after suppliers divert domestic supply to export market; European ferro-tungsten price edges up

Chinese ammonium paratungstate (APT) and black tungsten concentrate prices fell due to persistent weakening domestic demand, while the European ferro-tungsten quotation ticked up on business concluded at higher levels.

STEEL WEEK IN BRIEF: CIS pig iron and slab prices fall, Vietnam HRC slips, Egypt urged to put duty on billet...

Fastmarkets reviews the major stories that have affected the steel market during the week ended Friday November 23.

EUROPE STAINLESS STEEL: Low-cost Asian production 'may prevent European price recovery'

European grade-304 stainless steel prices may never fully recover from their present slump because of the need to compete with low-cost production from Asia, particularly in Indonesia, a European trader said on Friday 23 November.

GLOBAL CHROME SNAPSHOT: Prices for ore, alloy imported into China hold still; domestic ferro-chrome falls

Key data for the pricing session for the week ending November 23.

Gerdau to invest $140 mln on increasing Brazil's special steel capacity

Brazilian steelmaker Gerdau plans to invest $210 million in its special steels division to increase production and benefit from future demand from the automotive industry and the oil and gas sector, the company said on Thursday November 22.