Commodity Market Report
Global bulk steel alloys short-term outlook February 2023
Report summary
Despite strong indications of improved confidence in end-use markets, both in China and Europe, overhanging uncertainty remains in place and has outweighed upside influences to alloy prices recently. As these markets rebalance, we forecast prices to realign with their cost fundamentals. While silicon prices still have some way to fall, a rebound is expected in those market where prices overshot on the downside. For manganese alloys and ferrochrome, higher ore prices and narrowing oversupply will be enough to inspire upside.
Table of contents
- Chromium
- Manganese
-
Silicon
- Ferrosilicon
- Silicon metal
-
Chromium
- Ore prices overshoot on the upside as sentiment brightens
- Turkish premium and UG2 discount
- Ferrochrome price forecast adjusted upwards on higher costs and brighter sentiment
-
Manganese
- Ore prices expected to trend down after overshooting on the upside
- Cost support and demand uptick expected to boost manganese alloy prices
- Manganese metal production jumps significantly in early 2023
-
Silicon
- Ferrosilicon
- Silicon metal
- Crude steel trends
- Stainless steel trends
-
Chromium
- Growth of chromium consumption unchanged at 9% p.y. through to 2024
-
Manganese
- Manganese demand outlook trimmed marginally, but narrative unchanged
-
Silicon
- Ferrosilicon
- Silicon metal
-
Chromium
- Short-term supply chromium ore supply outlook unchanged
- Short-term supply ferrochrome supply outlook unchanged
-
Manganese
- South African ore exports fall
- Alloy markets remain vulnerable to oversupply
-
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)
- 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
- Manganese alloy and metal consumption outlook
- 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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