June 2021

Reduced supply sends China’s spot FeCr price to three-month high

News that several major producers had withdrawn from spot trading due to supply shortages has further strengthened China’s spot ferro-chrome market, sending spot prices in the week to Tuesday June 29 to their highest point since April.

European Ti market set to rally after new Russian export tax

The European ferro-titanium and titanium scrap markets may be set to push higher in the coming months after news that Russia will impose an export tax on ferro-alloys between August 1 and December 31 this year, according to industry sources.

Eurofer welcomes extension of EU safeguard measures on steel imports

The European steel association (Eurofer) has welcomed the extension of existing safeguard measures because they will continue to protect Europe's domestic steel industry from excessive imports.

GFG Alliance announces further restructuring of steel business

GFG Alliance and Liberty Steel’s restructuring and transformation committee has announced its plans to restructure the group’s steel businesses, the company said on Monday June 28.

Russia sets export duties on 340 metal products [CORRECTED]

The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree.

EUROPE STAINLESS STEEL: Flat product prices resume upward trajectory on constrained supplies

The price of flat-rolled stainless steel in Europe resumed its upward trend this week amid a continuing supply shortage, sources told Fastmarkets on Friday June 25.

FOCUS: European buyers lambast steel safeguard extension

European buyers of imported steel products are shocked by the extension of existing safeguard measures for another three years at a time when most of the industry’s segments are struggling from material shortage and, consequently, high prices.

FOCUS: European Ti markets could fall in near term

Prices in the European titanium alloy and scrap market could fall in the near term amid signs of weaker scrap costs and little renewed consumer demand for third quarter deliveries, according to trade sources.

China's domestic stainless steel market strengthens on mills' higher list prices

China’s domestic stainless steel prices rose to their highest in four-and-a-half years over the past week after producers made upward adjustments to their list prices.

INTL FERRO-ALLOY SUMMIT: World manganese ore output to rise by 7.60 mln tonnes in 2021

World manganese ore production will increase by 7.60 million tonnes (13%) in 2021, reflecting a post-pandemic recovery in production and new mining projects mainly in Africa and Australia, according to Eva Yang, China representative at the International Manganese Institute (IMnI).