September 2021

UG2 chrome ore market tumbles following downstream production cuts

UG2 chrome ore prices fell by $11 per tonne on Tuesday September - the largest weekly drop since mid-July 2020 - after sellers cut their offers to revive buying interest dented by production cuts in the downstream alloy and stainless steel markets.

TITANIUM SNAPSHOT: Alloy consolidates higher supported by scrap tightness

Key data from Fastmarkets’ pricing session in Europe on Wednesday September 8.

Russia, in surprise move, to abolish, reduce ferro-alloys export taxes

The Russian government is proposing to abolish or reduce its recently-imposed export taxes on ferro-alloys - with the exception of ferro-silicon - in a surprise decision announced on Tuesday September 7.

Europe manganese alloy markets buoyed on firm fundamentals

The European manganese alloys markets, currently trading around 13-year price highs, were likely to rise further - at least in the short term - due to firm fundamentals of tight availability and strong demand, Fastmarkets heard on Monday September 6.

TRADE CASE MONITOR: Around the world's steel markets in August 2021

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in August 2021.

EUROPE STAINLESS STEEL: Prices rise further on continuing shortage

The domestic price of flat-rolled stainless steel in Northern Europe increased further in the week ended Friday September 3, supported by continued supply tightness, sources told Fastmarkets.

FOCUS: Potential end to AD duty on Indonesian stainless steel contemplated in China market

Speculation as to whether China will lift its anti-dumping (AD) duty on Indonesian stainless steel arose during the week to September 2. Some market participants believe this move would reduce China’s crude stainless steel production and thereby help lower carbon emissions.

European FeCr market tightens further, led by low-carbon price surge

The low-carbon ferro-chrome market in Europe surged to a new multi-year high in the week ended Tuesday August 31, with export taxes and tight supply driving up prices.

Fall in tender price weakens ferro-chrome market sentiment in China

Suppliers in China’s domestic spot ferro-chrome market lowered their offer prices in the week to Tuesday August 31 after Tsingshan reduced its September ferro-chrome tender price by 800 yuan ($124) per tonne the week before.

PRICING NOTICE: Fastmarkets implements non-material wording updates to its Metals & Mining assessment methodology

Following a one-month consultation, Fastmarkets is updating the wording of its Metals & Mining assessment methodologies to provide greater clarity around how its prices are determined.