September 2021

Chinese stainless steel prices nosedive on weakened demand

China’s stainless steel prices plunged in the week to Wednesday September 29 due to the weak demand and destocking pressure.

TITANIUM SNAPSHOT: Market extends steady trend, new tenders expected

Key data from Fastmarkets’ pricing session in Europe on Wednesday September 29.

Chinese steel plate export prices fall on thin trading

Export prices for Chinese heavy steel plate softened in the week to Tuesday September 28 amid an inactive market ahead of China’s National Day break over October 1-7.

Serious global port congestion unlikely to ease in 2021 - Maersk

Serious congestion at ports across the world is unlikely to ease in the immediate future, shipping line Maersk said in a market update.

Europe ferro-silicon rally prompts more consumer demand

The price rally in European ferro-silicon, which has lasted through the year, is showing no sign of stopping and consumers in the steel sector are likely to demand more alloy material before prices hit even higher record peaks, sources told Fastmarkets.

China's domestic stainless steel prices surge to 10-year high

China’s domestic stainless steel prices surged rose sharply over the week to Wednesday September 23 amid tight supply and steady demand.

TITANIUM SNAPSHOT: Markets on hold ahead of expected new steel tenders

Key data from Fastmarkets’ pricing session in Europe on Wednesday September 22.

Ferroglobe to cut silicon production in Spain - trade union

Spain-based ferro-alloys producer Ferroglobe is idling one of its silicon metal furnaces at its Sabon plant in Galicia because of high electricity prices, according to local trade union Confederación Intersindical Galega (CIG).

FOCUS: Vanadium close to price bottom but market worries over weakness in China

Ferro-vanadium prices have been under pressure since August 18, Fastmarkets has heard, with traders taking profit and cutting their offers to encourage sales, which has led some producers to step out of the market.

EC extends anti-dumping duties on imports of CR stainless steel from China, Taiwan

The European Commission (EC) has extended definitive anti-dumping duties on imports of stainless steel cold-rolled (SSCR) flat products from China and Taiwan.