September 2018

GLOBAL VANADIUM WRAP: European ferro-vanadium, V2O5 prices climb to multiyear highs

European ferro-vanadium and vanadium pentoxide prices surged to fresh 10-year and 13-year highs respectively amid thin supply availability and increased activity levels in the week ended Friday September 7, while the Chinese export market firmed despite limited buying interest.

China raises export rebates for 85 steel products

China will raise its export rebates for 85 steel products from September 15 onward, according to a notice from the country’s Ministry of Finance’s (MOF) last week.

GLOBAL FERRO-SILICON WRAP: Oversupply worries drag down Chinese prices; EU market drops again

The Chinese ferro-silicon market has dropped in the week to Friday September 7 ahead of the imminent arrival of new cargoes of alloy and expected winter steel production cut, while the price spread has widened in Europe amid illiquid trading conditions.

GLOBAL CHROME WRAP: UG2 ore prices in China show signs of bottoming out

Imported UG2 ore prices rose on Friday September 7 while charge chrome quotations remained stable and China’s domestic spot alloy price slipped in Metal Bulletin’s latest pricing sessions.

Scrap recycler ELG Haniel reports strong H1 earnings on high nickel, stainless scrap prices

Germany-based steel scrap recycling group ELG Haniel has reported strong earnings for January-June 2018, benefiting from “higher commodity prices and improved scrap availability.”

GLOBAL TUNGSTEN WRAP: Chinese export prices fall further; European market stabilizes

Export prices for Chinese ammonium paratungstate (APT) and ferro-tungsten fell further in the week ended Friday September 7 amid lower domestic prices and lackluster demand from overseas markets, while market prices in Europe were unchanged in a slow week there.

EUROPE STAINLESS STEEL: Base prices steady; stock sell-off likely to beat lower October surcharges

Base prices for both flat and long stainless steel products in Europe were unchanged in the week ended Friday September 7, but mills and distributors were offering material from stock at large discounts ahead of an expected fall in the alloy surcharge for October deliveries.

Brazilian steel distributor Açotubo starts up stainless bar processing unit

Brazilian pipe, bar and stainless steels distributor Grupo Açotubo has started up a stainless steel bar processing unit after investing 8.50 million Reais ($2.07 million) in it.

Molybdenum prices climb as suppliers prepare for consumer return

The molybdenum markets in Europe moved up in the middle of the week that began on Monday September 3, with values being pushed up by increased prices for ferro-molybdenum and signs of stronger deals in Asia, sources told Metal Bulletin this week.

East Asian stainless steel market weakens on low demand, nickel slide

Import prices for stainless steel in East Asia dipped over the past week, pressured by soft regional demand and a downtrend in the nickel market, although some sellers in China were still reluctant to lower their offers.