July 2021

Marcegaglia confirms intention to bid for stainless steelmaker AST

Italian steel re-roller Marcegaglia has been short-listed for the purchase of Italian stainless steelmaker Acciai Speciali Terni (AST), which is owned by German steelmaker Thyssenkrupp.

FOCUS: European steelmakers look early to Q4 bulk alloys deals

European steelmakers are returning to the bulk alloys markets for quarterly deliveries to be shipped between October and December due to persistent supply tightness, shipping delays and container shortages and strong steel production and prices, sources told Fastmarkets.

Anticipation for export tariff returns in China's stainless steel market

Domestic and export prices for Chinese stainless steel prices rose sharply over the week ended Wednesday July 21 on tight supply, which led to increased expectations of an export tariff to ease the shortage.

Tight supply continues to ratchet up China’s ferro-chrome prices

Domestic prices for ferro-chrome in the spot market in China surged in the week ended Tuesday July 20 following production cuts in the province of Inner Mongolia.

TITANIUM SNAPSHOT: Alloy prices widen upward on renewed demand

Key data from Fastmarkets’ pricing session in Europe on Wednesday July 21.

EUROPE STAINLESS STEEL: Cold-rolled prices continue to rise on tight supply

The price of cold-rolled stainless steel in Europe increased during the week to Friday July 16 amid a shortage of material, sources told Fastmarkets.

EUROPE ALLOY STEEL SCRAP: Market approaches summer slowdown

The price of austenitic stainless steel scrap remained steady in the week to Friday July 16 ahead of the summer slowdown, sources told Fastmarkets.

Assmang declares force majeure on ferro-manganese production in South Africa

Mining and metals producer Assmang has declared force majeure on its medium-carbon ferro-manganese production in South Africa, a source told Fastmarkets on Friday July 16.

Glencore warns of potential for force majeure amid South Africa unrest

Glencore has described rioting in South Africa as a “force majeure event” in a letter to customers about a number of ores, alloys and metals exported from the country, although this is not a declaration of force majeure.

Chinese stainless steel prices hit 7-year high on supply concerns

China’s domestic stainless steel prices rose sharply over the week to Wednesday July 14 on concerns of tighter supply amid growing expectations for mills to cut production.