Commodity Market Report
Bulk steel alloys short-term outlook August 2022
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The global economy is facing intensifying challenges from macroeconomic uncertainties, rising energy costs and high inflation. In Europe, soaring energy prices and growing inflationary pressures have been a major downside to demand for bulk alloys. In China, the country’s property sector entered a recession, which has depressed domestic steel demand. To some extent, these factors have all weighed on global bulk alloy demand and prices. Even though costs have remain elevated, we maintain our view that the current weak sentiment in end-use sectors will, in general, keep bulk alloy prices depressed in the remainder of 2022.
Table of contents
- Chromium
- Manganese
- Ferrosilicon and silicon metal
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Chromium
- Ore prices continue to slide as market shifts to surplus
- UG2 discount and Turkish premium
- Demand recovery to provide some support to falling ferrochrome prices beyond Q3
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Manganese
- High-grade ore price drops, but no more downside expected
- Manganese alloy prices reach floor level
- Manganese metal producer alliance agrees new measures
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Silicon
- Ferrosilicon prices dropped further in August
- Chinese silicon metal prices rebound
- Crude steel trends
- Stainless steel trends
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Chromium
- Background
- Short-term demand outlook adjusted downwards slightly
- Manganese
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Silicon
- Ferrosilicon
- Silicon metal
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Chromium
- Little change in chromium ore outlook with 10% y-o-y growth expected in 2022
- Ferrochrome outlook adjusted downwards in near-term
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
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Key chromium forecastsKey manganese forecastsKey silicon forecasts
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Crude steel production (Mt)Crude stainless steel production (Mt)Manganese alloy and metal consumption outlookQuarterly chromium ore prices and forecastsQuarterly high-carbon ferrochrome prices and forecastsQuarterly manganese ore price forecastQuarterly silicomanganese price forecastQuarterly high-carbon ferromanganese price forecastQuarterly MC FeMn and manganese metal price forecast
- 18 more item(s)...
What's included
This report contains:
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