March 2018

GLOBAL FERRO-SILICON WRAP: Chinese price stabilizes despite slow demand; European market flat on looming Q2 delivery talks

The Chinese ferro-silicon spot market has stabilized losses in the past week, with support coming from magnesium production - a sizeable consumer of ferro-silicon.

GLOBAL CHROME WRAP: Charge chrome import prices stand firm while Chinese ferro-chrome slides

Imported charge chrome prices outperformed Chinese ferro-chrome on Friday March 16, after the domestic market took a poor view of demand from the stainless sector.

STEEL WEEK IN BRIEF: Section 232 wrap, US steel prices, iron ore below $70 per tonne...

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

Section 232 tariffs to hit EU-origin stainless import volumes into US, Damstahl says

Import volumes of stainless steel into the United States from European mills are likely to fall sharply once US President Donald Trump’s Section 232 tariffs on imported steel are imposed, Danish distributor Damstahl said this week.

EUROPE STAINLESS STEEL: Base prices widen upward despite continued import pressure

The base price assessments for flat and long stainless steel products in Europe widened upward this week despite continued import pressure, sources told Metal Bulletin on Friday March 16.

China’s domestic stainless steel prices soften on high selling interest

Domestic stainless steel prices in China continued to slide over the past week with stockists making a push to destock.

Finnfjord to carry out delayed maintenance work at ferro-silicon plants in Q2, source says

Norwegian ferro-silicon producer Finnfjord Smelteverk will cut about 5,000 tonnes of production between April and June of this year because of planned maintenance to its furnaces, according to an industry source.

Low Asian stainless steel import prices ‘prohibit EU base price rises,’ Acerinox says

The large price gap between European and Asian prices for stainless steel is making it difficult to raise EU base prices, according to Spanish stainless producer Acerinox.

European molybdic oxide, ferro-molybdenum markets ease on profit taking

Spot prices for European molybdic oxide and ferro-molybdenum have eased in Metal Bulletin’s midweek assessment, with dealers booking profits after a market rally for much of the year to date.