March 2018

GLOBAL CHROME WRAP: UG2, Chinese contract prices boosted by higher mill tenders; Asian ferro-chrome prices edge upward

Chinese stainless mills issued higher ferro-chrome tender prices for the month of March, lending support to UG2 chrome ore and Asian ferro-chrome prices.

GLOBAL FERRO-SILICON WRAP: Chinese price slips amid slow trade; Europe, US markets quiet

The Chinese ferro-silicon market dropped on Friday March 2, with one major tender signaling a slower return in demand from Chinese consumers after the recent national week-long holiday.

GLOBAL MANGANESE WRAP: Low-grade ore prices breach $8 in China on higher producer offers

Low-grade manganese ore prices sailed through the $8 per dry metric tonne unit (dmtu) mark on Friday March 2 in China after producers ratcheted up their offers and on continued demand.

EUROPE STAINLESS STEEL: Base prices largely stable in slow market

The base price assessments for flat and long stainless steel products in Europe were unchanged this week on reduced market activity, sources told Metal Bulletin on Friday March 2.

UK FERROUS SCRAP: Export demand pulls up grade 5C market

Strengthening export demand from Europe to key destinations such as Turkey and the Indian subcontinent has pulled up prices for light iron, grade-5C steel scrap in the United Kingdom this week, sources told Metal Bulletin on Friday March 2.

EUROPE ALLOY STEEL SURCHARGE: March values up on higher nickel, moly costs

European alloy surcharges for March deliveries of grade-316 cold-rolled (CR) stainless steel sheet have risen sharply month on month amid further increases in nickel and molybdenum costs.

Eurofer welcomes EC countermeasures after Trump sanctions Section 232 trade tariffs

The European Steel Association, Eurofer, has welcomed the European Commission's pledge of “appropriate and swift measures” after the United States finally announced Section 232 trade tariffs.

China’s domestic stainless steel prices fall amid high inventories

Stainless steel prices in China’s domestic market decreased slightly over the past week due to high inventories.

Trade Log February 2018: Ferro-vanadium, vanadium pentoxide

The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe.

Molybdic oxide, ferro-molybdenum prices climb higher on firm demand

Spot prices for European molybdic oxide and ferro-molybdenum climbed in Metal Bulletin’s midweek assessment, extending gains on renewed demand and an expectation that consumers in the steel sector will add to that demand for second quarter deliveries soon.