Commodity Market Report
Bulk steel alloys short-term outlook October 2022
Report summary
The global economy continues to face significant headwinds ranging from geopolitical uncertainty, to ongoing elevated energy costs and high inflation. In line with these challenges, the sentiment in downstream end-use sectors across bulk alloys has remained generally weak. After substantial price drops in Q3 2022, in the face of weakening demand, alloy producers across the bulk alloy metals are facing growing margin pressure. Despite some recent production curtailments, these markets will remain generally oversupplied in the near-term. However, in the short-term outlook, cost support will begin to lend upside to prices in the markets most affected by curtailments.
Table of contents
- Chromium
- Manganese
-
Silicon
- Ferrosilicon
- Silicon metal
-
Chromium
- Ore prices turn upwards after reaching cost floor, amid supply interruption
- UG2 discount and Turkish premium
- Ferrochrome price upside expected beyond Q4 2022, after substantial drops
-
Manganese
- High grade ore prices expected to rebound as it reaches floor level
- Manganese alloy oversupply prompts production curbs
- Manganese metal producer alliance agrees new measures
-
Silicon
- Ferrosilicon price rises in China
- An uptick in Chinese silicon metal prices continued in October
- Crude steel trends
- Stainless steel trends
-
Chromium
- Background
- Another downward adjustment to our short-term chromium demand outlook
- Manganese
-
Silicon
- Ferrosilicon
- Silicon metal
-
Chromium
- Chromium ore short term supply outlook adjusted downwards in 2023 and 2024
- Ferrochrome supply outlook adjusted downwards on weaker demand
-
Manganese
- Q3 ore supply adjusted upwards, but remaining short-term outlook largely unchanged
- Production curbs to help rebalance oversupplied manganese alloy markets
-
Silicon
- Ferrosilicon
- Silicon metal
Tables and charts
This report includes 30 images and tables including:
- Key chromium forecasts
- Key manganese forecasts
- Crude steel production (Mt)
- Crude stainless steel production (Mt)
- Manganese alloy and metal consumption outlook
- Key silicon forecasts
- 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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