Prices for all ferroalloys have maintained their upward momentum since January, solidifying previous gains and reflecting the continuous improved demand from steelmakers, rebuilding of depleted inventories and the supply-side concerns following both planned and unplanned outages.
Prices are strong for Silico Manganese, Ferro Manganese, Ferro Chrome and Ferro Silicon.
Prices are at the highest levels in the ferroalloy markets till time, reflecting the magnitude of supply concerns in the context of demand recovery from steelmakers. The current market scenario is expected to remain same for sometime reflecting increased purchasing activity due to excess order booking and tendering order quantity taken by the ferroalloys manufacturers.
There is more scope for increased steel production and steel product prices are expected to remain firm through 2021, particularly when effective Covid-19 vaccine becomes widely available.
Europe’s huge financial stimulus package is also scheduled to be ratified and released by mid-2021, which should boost metals demand on a raft of expected infrastructure projects in the region.
In a strong start to the year, January saw alloy pricing gaining across all markets with some exceptions.
The combination of improving demand together with limited supplies and low inventories in most markets has been driving ore and alloy prices higher.
Denne historien er fra April 2021-utgaven av Steel Insights.
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Denne historien er fra April 2021-utgaven av Steel Insights.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Steel's Net Zero mission
The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.
Seaborne coking coal offers remain range-bound
Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.
Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
MOIL embarks on expansion projects
“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister
Iron ore handled by major ports down 17% in H1
The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.
Shrinking China output to boost India exports
“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd
Indian Railways' iron-ore handling up 25% in H1
Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.
September crude steel production up 7.2% y-o-y
India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.
“Five enablers: way forward to sustainable cleaner steel”
Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.
