March 2021

Outokumpu announces ethics ‘audit’ of Vale amid review of suppliers

Outokumpu will visit miner Vale’s Onça Puma operation in the Brazilian Amazon rainforest as part of an ethics ‘audit’ of its supply chain, the Finland-based steelmaking company said in a press statement on March 25.

Tight supply continues to support European ferro-chrome markets

Prices of all grades of ferro-chrome in Europe went up in the pricing session on Tuesday March 30 in response to limited supply, while demand has also risen in some sections of the market, Fastmarkets has heard.

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 31/03: Tight supply, shipping delays push manganese flake prices to 9-year high

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

TITANIUM SNAPSHOT: Higher scrap, lower alloy prices squeeze margins

Key data from Fastmarkets’ pricing session in Europe on Wednesday March 31.

Europe FeSi suppliers target €1,600 per tonne near term

In Europe, ferro-silicon suppliers will be targeting €1,600 per tonne in the next few weeks after the market hit €1,550 ($1,828) per tonne on Friday March 26 for the first time since April 2018 in a recent resumption of a longer-term uptrend since last August when prices were as low as €860 per tonne, sources said.

China’s stainless steel prices rise on good domestic demand

China’s stainless steel prices increased in the week ended Wednesday March 23 on steady domestic demand, though export activity was down amid concerns over a possible reduction of the country’s export tax rebate.

TITANIUM SNAPSHOT: Steelmakers issue firm Q2 bids; spot prices on hold

Key data from Fastmarkets’ pricing session in Europe on Wednesday March 24.

OUTLOOK: Ferro-chrome market to adapt as tight supply in China runs into Q2

Inner Mongolia, China’s ferro-chrome production heartland, has imposed restrictions on its metallurgical sector in a move that has fueled the high-carbon ferro-chrome markets in China and Europe, and although this may ease off, the gains were unlikely to be lost while alloy ramp-ups continue, sources have told Fastmarkets.

India's silico-manganese export price hits record high on surging demand

The Indian export price for silico-manganese jumped by nearly 9% on Friday March 19 to the highest since Fastmarkets started to assess the market in June 2014.

EUROPE STAINLESS STEEL: Prices move higher despite recent nickel cost plunge

The cost of flat-rolled stainless steel in Europe rose during the week to Friday March 19 on supply constraints and firm demand, despite the substantial decrease in the price of nickel three weeks ago, sources told Fastmarkets.