November 2018

EUROPE STAINLESS STEEL: Domestic prices under pressure from domestic competition, imports

Domestic prices for stainless steel in Europe have remained under pressure from competitive trading, both with imports from Asia and between domestic suppliers, sources told Fastmarkets on Friday November 30.

GLOBAL CHROME SNAPSHOT: Chinese import ore, alloy prices fall; drop for alloy into Japan, South Korea

Key data for the pricing session for the week ended Friday November 30.

EUROPE ALLOY STEEL SURCHARGE: Low nickel cost, weak market drag December values down

European alloy surcharges for stainless steel products for December have decreased for the fifth consecutive month, pulled down by lower nickel prices in addition to weak market conditions amid competition with Asian imports.

China, India led October jump in world silico-manganese supply

World silico-manganese supply reached 1.62 million tonnes in October, up 16.1% year on year and 9.9% from September, driven by production increases in China and India, according to data from the International Manganese Institute (IMnI).

European molybdenum oxide price edges up, alloy stable

The European molybdenum-oxide market has climbed 20 cents in trading by mid-week, with deals and offer prices reported above $12 per lb and returning to a level unseen since the start of November.

Ferroglobe to slash silicon metal capacity on weak pricing

Ferroglobe is set to idle almost one-fifth of its silicon metal production capacity in Europe and the United States, cutting it to an annualized rate of 341,000 tonnes from 417,000 tonnes, because of the weaker prices seen this year.

China AM: Ferrous futures drop again after mid-week recovery

China’s ferrous futures retreated during the morning trading session on Thursday November 29 after a short-lived recovery a day earlier.

East Asian stainless steel prices decline again on weak demand

Stainless steel prices in East Asia continued to fall over the past week on soft demand.

Chinese mills cut prices for stainless steel to stimulate demand

China’s domestic stainless steel market maintained its downward trend over the past week after mills lowered their list prices.

TITANIUM SNAPSHOT: Ferro-titanium market supported in current ranges

Key data from the Wednesday November 28 pricing session in Europe.