August 2021

Europe FeSi market set push above €2,000 per tonne, trade sources say

European prices for ferro-silicon were likely to set more record highs in the near term, with the market already at levels not seen since Fastmarkets started to assess the market in the late 1990s.

EUROPE STAINLESS STEEL: Ongoing short supply pushes prices higher

The price of flat-rolled stainless steel in Europe increased in the week ended Friday August 27 on a continuing shortness of supply, sources have told Fastmarkets.

Finnfjord to stop FeSi production for two weeks

Norwegian ferro-silicon producer Finnfjord Smelteverk will stop ferro-silicon production for two weeks in October because of planned maintenance to its three furnaces, a source told Fastmarkets.

Chinese domestic stainless steel prices recover after losses earlier in the week

China’s domestic stainless steel prices were down on Wednesday August 25 compared with a week earlier, but the market had picked up after experiencing losses earlier this week.

US sets final duties vs stainless flange from India in administrative review

The US Department of Commerce has set final anti-dumping duties on imports of stainless steel flanges from India following an administrative review, according to a Federal Register notice set to be published on Thursday August 26.

TITANIUM SNAPSHOT: Markets steady, suppliers expect Q4 steelmaker demand

Key data from Fastmarkets’ pricing session in Europe on Wednesday August 25.

Export prices for Chinese steel plate drop on thin trading

Trading remained thin in China’s steel plate export market in the week to Tuesday August 24 due to the resurgence of Covid-19 cases, uncompetitive offer prices and uncertainty surrounding China’s export tax.

Tsingshan lowers September FeCr tender by $123/t from August's 13-year high

Tsingshan Group has lowered its tender price for September-delivery ferro-chrome to 9,995 yuan ($1,543) per tonne, the Chinese stainless steelmaker said on Wednesday August 25.

China’s domestic stainless steel price stable on recovering demand

A gradual increase in end-user demand kept domestic stainless steel prices in China from falling further in the week ended Wednesday August 18.

Falling demand reverses UG2 chrome ore price rally

A six-week price rally in the UG2 chrome ore market since late June was reversed in the week to Tuesday August 17, mainly due to falling demand for material from both the seaborne and portside markets.