Bulk steel alloys short-term outlook July 2022 Report

Commodity Market Report 05 August 2022

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Report summary

Following the removal of prolonged lockdowns restrictions across much of China by June 2022, the country’s economy has entered a phase of recovery. Despite this, consumer and investment confidence remain weak as the risk of further lockdowns remains in place. In Europe, sanctions imposed as a result of the Ukraine-Russia crisis are likely to tighten hydrocarbon balances further providing additional upward support to energy prices. Despite ongoing elevated costs, weaker demand has for the meantime, proven to be more decisive in driving the trajectory of prices in bulk alloy markets.

Chromium
Manganese
Ferrosilicon and silicon metal
Chromium
- Ore prices to fall further as market rebalances
- UG2 discount and Turkish premium
- Further downside in ferrochrome prices expected
Manganese
- High-grade ore price to soften further as premium narrows
- More near-term downside expected in manganese alloy prices
- Manganese metal prices likely close to cost-based floor level
Silicon
- Ferrosilicon prices continue to slide since May
- Silicon metal prices decline further since May
Crude steel trends
Stainless steel trends
Chromium
- Background
- Latest trends
Manganese
Silicon
- Ferrosilicon
- Silicon metal
Chromium
- Chromium ore supply guidance adjusted downward on South African logistics headwinds
- Ferrochrome supply guidanceadjusted upwards as China and South Africa outperform
2 more item(s)...