October 2018

China’s crude stainless steel output up 8.5% in January-September

China’s crude stainless steel output increased in the first nine months of 2018 amid higher prices and healthy profit.

PRICING NOTICE: Correction to European stainless steel index

Fastmarkets has corrected its EU domestic Stainless Steel 304 Europe Raw Materials Index, which was published incorrectly on Monday October 22 due to a data entry error.

GLOBAL CHROME WRAP: Markets stall or drop in China after mills cut alloy tender prices; US alloy price falls 3.7% on aggressive destocking

Lower November ferro-chrome tender prices from major stainless steel mills caused ore and alloy markets to stall or weaken in the regions Fastmarkets follows in the week ended Friday October 26.

GLOBAL FERRO-SILICON WRAP: Chinese market awaits November tender prices; lull in US, EU prices amid 2019 talks

Chinese ferro-silicon prices held firm, with market participants awaiting further direction from November tender purchase prices, while the European and US spot markets continued to suffer from inactivity amid 2019 contract negotiations.

EUROPE STAINLESS STEEL: Transaction prices collapse while mills fight for market share

European transaction prices for grade-304 cold-rolled (CR) sheets fell dramatically this week because domestic mills are fighting for market share with imported material, sources said.

China AM: Futures rebound after brief fall

China’s ferrous futures tanked in the early hours of morning trading on Thursday October 25 but regained some strength before the end of the session.

China’s stainless steel prices fall further amid inactivity

China’s domestic stainless steel prices maintained a downward trend over the past week with demand remaining soft.

East Asian stainless steel prices dip on lower offers, dull demand

Import prices for stainless steel in East Asia largely softened over the past week amid reduced offers from most exporters coupled with a lack of improvement in regional demand.

TITANIUM SNAPSHOT: Ferro-titanium drops further, but floor seen

Key data from the Wednesday October 24 pricing session in Europe.

European molybdenum markets bounce after Asian tender

Molybdenum prices have bounced back in Europe this week after a mixed tender for around 500 tonnes of oxide and ferro-molybdenum was mostly settled in Asia to major consumer Posco, sources said.