Commodity Market Report
Global bulk steel alloys short-term outlook January 2023
Report summary
Despite a challenging and volatile year, the global economy showed some early signs of improvement in the final months of 2022. China’s abrupt change in stance on the zero-Covid policy, Europe’s better-than-expected economic indicators and easing inflation in the rest of the world have positively influenced market sentiment across bulk alloys. 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.
Table of contents
- Chromium
- Manganese
-
Silicon
- Ferrosilicon
- Silicon metal
-
Chromium
- Ore prices overshoot on the upside as sentiment brightens
- Turkish premium and UG2 discount
- Resurgent demand boosts China ferrochrome prices, but little upside expected in Europe
-
Manganese
- Brighter sentiment and cost support to buoy ore prices
- Manganese alloy prices to benefit from cost support and improving demand
- Manganese metal output recovering, but still comparatively low
-
Silicon
- Ferrosilicon
- Silicon metal
- Crude steel trends
- Stainless steel trends
-
Chromium
- Short-term chromium demand outlook largely unchanged
-
Manganese
- Manganese demand guidance for 2022 boosted
-
Silicon
- Ferrosilicon
- Silicon metal
-
Chromium
- Short-term supply outlook adjusted down on bleaker South Africa outlook
- Slight upward adjustment in short-term ferrochrome supply outlook
-
Manganese
- Ore supply outlook largely unchanged
- Alloy output to recover as margins improve
-
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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