May 2018

Largo vanadium mine in Brazil to resume ops after short disruption due to truckers' strike

Largo Resources Ltd expected to resume production at its Maracas Menchen vanadium mine in Brazil as early as Thursday May 31 after operations were disrupted by a national truckers’ strike.

European molybdenum oxide prices rise midweek, alloy steady

European spot prices for molybdic oxide have increased so far this week amid higher deals done in Europe and in Asia, while ferro-molybdenum was steady and is set to move up if oxide prices increase again, sources said.

China AM: Ferrous futures mostly up despite May's lower steel PMI

China’s ferrous futures mostly edged up during morning trading on Thursday May 31 despite a drop in the latest steel purchasing managers’ index (PMI).

East Asian stainless steel prices rise on low inventories, higher production costs

Stainless steel prices in East Asia moved up over the past week amid sustained upward momentum in the nickel segment and falling spot market inventory levels in China.

TITANIUM SNAPSHOT: Alloy price consolidates higher, awaits new tender result

Key data from the Wednesday May 30 pricing session in Europe.

GLOBAL VANADIUM WRAP: Chinese export prices stall; European FeV rebounds in tightening market

Chinese vanadium exporters held prices steady last week amid sluggish trading activity, while European ferro-vanadium prices bounced back due to tightening inventories.

GLOBAL FERRO-SILICON WRAP: Chinese prices make gains on supply issues; EU market finds price floor after another drop

Chinese ferro-silicon prices strengthened in the week ended Friday May 25 after a major consumer increased its monthly buying price for May and showed a willingness to pay more for June shipments, while European prices dropped on the high end, but lower grade sales shored up support for standard grade, while in the United States prices remained steady in a quiet market.

EUROPE ALLOY STEEL SURCHARGE: June values hit six-year high on nickel costs

European alloy steel surcharges for June deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen for the fifth consecutive month on an increase in nickel costs to reach a six-year high.

STEEL WEEK IN BRIEF: Reactions to Section 232, Ramadan lull, strike action in Brazil...

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

EUROPE STAINLESS STEEL: Sheet base prices stable as high stocks persist

Flat stainless steel product prices in Europe were unchanged this week amid continued high stock levels at warehouses, sources told Metal Bulletin on Friday March 25.