March 2018

Japan’s NSSMC to acquire Sweden's Ovako, make Sanyo Steel subsidiary

Japan’s Nippon Steel and Sumitomo Metal Corporation will expand its global presence in special steels markets by acquiring Swedish special steels maker Ovako and making Japanese steel maker Sanyo Special Steel its subsidiary.

Global stainless steel output up 5.8% in 2017, ISSF says

Global crude stainless steel production totaled 48.08 million tonnes in 2017, according to figures released by the International Stainless Steel Forum (ISSF) on Thursday March 15.

PRICING NOTICE: Correction to EU grade-304 export stainless steel sheet price

Metal Bulletin has corrected its March 2 and March 9 price assessments for EU export grade-304 stainless steel cold rolled (CR) sheet (2mm).

China AM: Ferrous futures rangebound amid release of suspension order

China's ferrous futures ended the morning trading session little changed from their opening prices on Thursday March 15 amid an announcement that steelmakers in some parts of the country are to stop all blast furnace operations until the end of this month.

East Asian stainless steel prices fall on soft demand

Stainless steel prices in East Asia declined over the past week amid thin trading and a sustained weakness in buying interest, though nickel became costlier.

TITANIUM SNAPSHOT: Alloy market eases amid slower trading activity, scrap market flat

Key data from the Wednesday March 14 pricing session in Europe.

GLOBAL MANGANESE WRAP: Manganese ore producers boost offer prices against perceived strong end-user demand

The manganese ore price-trend outlook was firmly above $8 per dry metric tonne unit (dmtu) on Friday March 9, while producers reckon consumer interest will act as support, though there was a downbeat assessment among consumers.

GLOBAL VANADIUM WRAP: European, US prices surge amid significant supply concerns, outpacing Chinese upward moves

The Chinese vanadium market edged upward despite limited trading activity, while the European and US ferro-vanadium markets surged on significant supply concerns.

GLOBAL FERRO-SILICON WRAP: Slow demand hurts Chinese price; European price range widens while US slips

The Chinese ferro-silicon spot market slumped over the past week because of slow demand from key consumers in the steel and magnesium sectors.

PRICING NOTICE: Correction to EU grade-304 stainless steel raw materials index

Metal Bulletin has corrected the price assessment for its EU domestic stainless Steel grade-304 raw materials index, which was published incorrectly on Monday February 26, due to a data input error.