May 2017

NOBLE ALLOYS MIDWEEK: Moly prices succumb to destocking pressure; FeV, FeW gain

Ferro-molybdenum and molybdic oxide prices continued to tumble in the first half of the week, with traders keen to cut their inventories amid concerns of rising exports from Asia.

GLOBAL CHROME WRAP: Domestic alloy prices hold in China, UG2 prices inch higher

Chinese domestic ferro-chrome prices held for the first time in nine weeks on Friday May 26 amid thin trading, as market participants awaited buying signals from mills.

STEEL WEEK IN BRIEF: Iron ore prices below $60 per tonne, steel prices in China down, ArcelorMittal/Marcegaglia set to acquire Ilva...

Metal Bulletin reviews the major stories affecting the steel market over the past week.

GLOBAL FERRO-SILICON WRAP: China FeSi market ticks up while Europe edges lower

Chinese ferro-silicon prices edged higher because of slightly tighter supply but European prices turned lower, reflecting reduced interest ahead of the traditional summer slowdown.

EU stainless steel base prices steady as stock sale precedes June surcharge drop

European stainless steel base prices remained unchanged this week after last week’s drop, as June alloy surcharges fell sharply, sources said on Friday May 26.

PRICING NOTICE: Correction to EU grade-304 stainless sheet export price

Due to a calculation error, a fall in EU grade 304 stainless steel cold rolled sheet (2mm) base prices was not taken into account in Metal Bulletin’s weekly assessment for EU export grade 304 stainless steel cold rolled sheet (2mm) fob North European port on Friday May 19.

China’s stainless steel prices decrease amid weak trading

China’s domestic stainless steel prices decreased over the past week amid weak trading activity.

EU stainless surcharges for June fall sharply on nickel drop

Alloy surcharges in Europe for June deliveries of grade-304 cold rolled (CR) stainless steel sheet have fallen by €108-116 ($121-130) per tonne month-on-month, Metal Bulletin has heard.

East Asia's stainless CRC prices down as sellers seek to offload materials

East Asia’s stainless cold rolled coil prices have fallen in the past week amid high selling interest, while those for hot rolled sheet remained steady.

Ferroglobe increases ferro-silicon production at Sabón facility

London-based metals producer Ferroglobe is producing more ferro-silicon after switching one of its furnaces from silicon metal production in the first quarter of this year, according to a senior company source this week.