January 2021

EUROPE STAINLESS STEEL: Prices climb on nickel costs, demand

The price of flat-rolled stainless steel in Europe increased strongly in the week to Friday January 29, on higher nickel costs and increasing demand, sources told Fastmarkets.

AST attempts to retroactively increase stainless steel contract prices – sources

Italian stainless steel producer Acciai Speciali Terni (AST) is attempting to unilaterally and retroactively apply price increases to already-concluded supply contracts agreed with distribution companies, market sources told Fastmarkets on Thursday January 28.

‘Worrying’ shortage of European titanium scrap to extend price rally, sources say

The European titanium scrap market, which was steady in the week to Wednesday January 27, looks set to resume its price rally that started in September 2020 in the near term, market sources told Fastmarkets.

China’s domestic stainless steel prices rise further

China’s domestic stainless steel market continued to strengthen over the past week on tight supply and high prices for raw materials.

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 27/01: Profit-taking puts pressure on manganese flake price; spot market active

An overview of the specialty steel raw materials markets in Europe and their latest price moves.

Rising tenders send China’s ferro-chrome prices to multi-year highs

Ferro-chrome prices in China’s domestic and import markets soared again in the week to Tuesday January 26, due to restricted production in the north of the country and a leap in tender values.

PRICING NOTICE: Correction to index for manganese ore 44%, cif Tianjin

Fastmarkets has corrected its manganese ore 44%, cif Tianjin, index, which was published incorrectly on Friday January 22 due to a calculation error.

GLOBAL MANGANESE SNAPSHOT: Alloy gains in US, Europe on strong demand [CORRECTED]

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 22.

Inter-merchant trading boosts Europe manganese alloy prices

European traders of manganese alloys have been busy in the past couple of weeks, boosting prices of silico-manganese by almost 20% and of high-carbon ferro-manganese by 10% ahead of expected renewed consumer demand in February, according to trade sources and available industry data.

MOLYBDENUM SNAPSHOT: Oxide prices recover after sub-$10/lb dip

Key data from the Friday January 22 pricing session in London.