Commodity Market Report
Bulk steel alloys short-term outlook July 2022
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.
Table of contents
- 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
-
Manganese
- Manganese ore supply
- Manganese alloy supply
-
Silicon
- Ferrosilicon
- Silicon metal
Tables and charts
This report includes 30 images and tables including:
- Key chromium forecasts
- Key manganese forecasts
- Key silicon forecasts
- Crude steel production (Mt)
- Crude stainless steel production (Mt)
- Manganese alloy and metal consumption outlook
- Quarterly chromium ore prices and forecasts
- Quarterly high-carbon ferrochrome prices and forecasts
- Quarterly manganese ore price forecast
- Quarterly silicomanganese price forecast
- Quarterly high-carbon ferromanganese price forecast
- Quarterly MC FeMn and manganese metal price forecast
- Ferrosilicon monthly prices
- Global ferrosilicon price forecast
- Silicon metal monthly prices
- Global silicon metal price forecast
- Quarterly chromium consumption by first use
- Quarterly chromium consumption in stainless steel by region
- Quarterly ferrosilicon consumption by first use
- Quarterly ferrosilicon consumption by region
- Quarterly silicon metal consumption by first use
- Quarterly silicon metal consumption by region
- Quarterly chromium ore supply by region
- Quarterly ferrochrome supply by region
- Quarterly manganese ore supply by region
- Quarterly silicomanganese supply by region
- Quarterly high-carbon ferromanganese supply by region
- Quarterly medium carbon ferromanganese supply by region
- Global ferrosilicon production
- Global silicon metal production
What's included
This report contains:
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