Bulk steel alloys short-term outlook May 2022 Report

Commodity Market Report 06 June 2022

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Report summary

As the blowback from the Russia-Ukraine crisis continues to ripple through western alloy markets, the economic fallout related to strict lockdowns has had a more marked impact in China. These lockdowns have curtailed downstream consumption, introducing some downside to China alloy prices. At the same time, ore prices stalled after a sustained rally, due to weaker buying sentiment in this uncertain environment. In western markets, tight margins at steel mills have eroded demand for alloys, causing prices to fall, despite elevated costs.

Chromium
Manganese
Ferrosilicon and silicon metal
Chromium
- Ore prices lose steam as sentiment sours
- Elevated ferrochrome prices in line to soften
Manganese
- High-grade ore price loses momentum, while premium remains high
- Manganese alloy prices fall as demand softens
- Cost and consolidation offer manganese metal upside
Silicon
- Ferrosilicon prices slide through May
- Silicon metal prices face downward pressure in May
Crude steel trends
Stainless steel trends
Chromium
Manganese
Silicon
- Ferrosilicon
- Silicon metal
Chromium
- Chromium ore outlook unchanged, ferrochrome adjusted upwards
- Ferrochrome supply
2 more item(s)...