October 2021

Chinese stainless steel exporters getting more inquiries

Chinese stainless steel exporters received more inquiries over the past week, which pushed prices upward, though the domestic market softened due to losses at the end of last week.

Tight supply sends Europe’s low-carbon ferro-chrome prices soaring

The low-carbon ferro-chrome market in Europe leapt over the two weeks to Tuesday October 26 to a multi-year high due to extremely tight availability, with some sellers not offering on the spot market and consumers scrambling to find material.

AT A GLANCE: SSAB continues strong performance in third quarter

A summary of the financial results for Swedish steelmaking group SSAB for the third quarter of 2021.

TITANIUM SNAPSHOT: Markets subdued ahead of Fastmarkets industry event

Key data from Fastmarkets’ pricing session in Europe on Wednesday October 27

EU to skip preliminary anti-subsidy measures on flat stainless steel from India, Indonesia

The European Commission (EC) will not impose provisional anti-subsidy measures on imports of stainless steel cold-rolled flat products from India and Indonesia, it said on Tuesday October 19.

China's domestic stainless steel supply rises

China’s domestic stainless steel prices were unchanged over the week ended Wednesday October 20, but market participants are expecting them to drop on increased supply.

TITANIUM SNAPSHOT: Alloy market slow ahead of major tender, scrap steady

Key data from Fastmarkets’ pricing session in Europe on Wednesday October 20.

Russia removes or reduces duties on ferro-alloy exports

The Russian government has removed or reduced existing export duties on ferro-alloys, effective October 15, after responding to domestic industry concerns, trade sources said.

EUROPE STAINLESS STEEL: Higher prices expected on energy costs despite slow demand

The price of stainless steel in Europe was stable this week but mills were expected to try to push through increases because of higher energy costs, despite the fact that demand has slowed in recent weeks, Fastmarkets heard on Friday October 15.

SPECIALTY STEEL RAW MATERIALS 15/10: Buyers accept higher ferro-molybdenum offer prices

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