February 2021

TITANIUM SNAPSHOT: Scrap prices hit 8.5-year high on shortage

Key data from Fastmarkets’ pricing session in Europe on Wednesday February 17.

EC to launch anti-subsidy investigation into CR stainless steel from India, Indonesia

The European Commission has initiated anti-subsidy proceedings concerning imports of cold-rolled stainless steel from India and Indonesia, it said in a notice in the official journal of the European Union on Wednesday February 17.

AT A GLANCE: Aperam reports strongest Q4 since 2017

A summary of stainless steel producer Aperam’s results for the full year and fourth quarter of 2020.

UK ferro-titanium producers move to allay concerns over EU REACH regulations

British ferro-titanium producers have moved to allay any worries about trading with Europe after the UK's exit from the European Union trading bloc (‘Brexit’), with most confident they can satisfy the EU's strict regulations on chemicals.

IN CASE YOU MISSED IT: 5 key stories from February 15

Here are five Fastmarkets stories you might have missed on Monday February 15 that are worth another look.

EU GREEN STEELMAKING: Producers bring first certified green steel to the market

Steel companies ArcelorMittal and Ovako have both begun to offer the first certified "green steel", following increased scrutiny on emissions from customers, the two companies announced separately.

EUROPE STAINLESS STEEL: Price surge continues on raw materials costs, long lead times

The price of flat-rolled stainless steel in Europe continued to surge higher in the week to Friday February 12 on high raw materials costs and long delivery times, market sources told Fastmarkets.

AT A GLANCE: Jindal Stainless posts faster-than-expected recovery for October-December 2020

A summary of the financial results for Indian steelmaker Jindal Stainless up to December 31, 2020, representing the third quarter and first nine months of its 2020-21 business year.

Ferro-molybdenum profit-taking narrows conversion margins

Molybdic oxide and ferro-molybdenum prices were back on an upward path during the first half of the week, mainly due to tight oxide availability, which has been heightened by recent shipping delays out of Chile.

High-carbon ferro-chrome prices in Europe rise further on tighter supply

The market for higher grades of high-carbon ferro-chrome in Europe rose strongly in the week ended Tuesday February 9 due to a shortage of available material while suppliers focused their attention on Asia.