November 2018

EC exempts South African stainless flat steel from safeguard measures

The European Commission (EC) has decided that flat stainless steel products originating from South Africa should be excluded from the scope of its provisional safeguard measures on steel product imports, it said on Tuesday November 13.

East Asian stainless steel prices tumble further on lower offers, nickel losses

Import prices for stainless steel in East Asia weakened again during the past week, with exporters continuing to lower their offers amid intense competition in the region.

China’s stainless steel prices drop on soft demand

China’s domestic stainless steel prices moved down over the past week due to decreasing demand.

INTL FERRO-ALLOYS CONF: Manganese ore price fall more likely than silico-manganese rally

Manganese ore prices are overheated compared with production costs and manganese alloy prices, making them prone to a decline next year, panelists said at Fastmarkets’ 34th International Ferro-alloys conference in Lisbon this week.

Global trade conflicts pressure Voestalpine's H1 earnings down 11%

Special steelmaker Voestalpine attributed an 11% fall in its earnings for the first half of 2018 to continuing global trade conflicts, it said late last week.

INTL FERRO-ALLOYS CONF: Vanadium rally must turn, but prices will settle at higher base

Vanadium prices will find a much higher base than their 2015 lows when they inevitably fall, due to a structural shift in the global vanadium market, according to Amy Bennett, principal consultant at Fastmarkets MB.

GLOBAL FERRO-SILICON WRAP: Chinese sellers turn to domestic market while yuan depreciation weakens export price; Europe, US markets steady

The domestic Chinese ferro-silicon market was stable in the week ended Friday November 9, while the European price stabilized after the prior week’s drop and the US ferro-silicon spot market held week on week.

EUROPE STAINLESS STEEL: Market not confident of recovery as price falls continue

European stainless steel market participants were losing confidence that the market will recover early in the New Year, they told Fastmarkets on Friday November 9, with transaction prices falling further this week.

GLOBAL CHROME SNAPSHOT: Ferro-chrome prices in China weaken; US, Europe prices down on lower offers

Key data for the pricing session for the week ended Friday November 9.

European molybdenum markets drop ahead of Lisbon conference

The European molybdenum markets have dropped this week amid quiet business while dealers prepared for more active trading at the Fastmarkets MB ferro-alloys conference in Lisbon, Portugal this weekend, sources said.