Commodity Market Report
Global bulk steel alloys short-term outlook May 2023
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Over the past month, falling productions costs, weak demand and oversupply continued to put downward pressure on some bulk alloy prices. However, in the chromium market, understocking has provided appreciable upward support to ore prices since the beginning of the year. In the near term, we expect bulk steel alloy markets to remain overshadowed by weak sentiment in end-use markets. Please read our report to find out more about these trends, our forecast and the latest movements in the market.
Table of contents
- Chromium
- Manganese
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Silicon
- Ferrosilicon
- Silicon metal
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Chromium
- Chromium ore prices remain supported as understocking persists
- Turkish premium and UG2 discount
- Oversupply continues to undermine ferrochrome prices
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Manganese
- Ore prices fall further
- Manganese alloy price decline accelerates
- EMM prices unchanged
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Silicon
- Ferrosilicon
- Silicon metal
- Crude steel trends
- Stainless steel trends
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Chromium
- Stainless steel to drive CAGR 9% p.a. growth in chromium consumption through to 2024
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Manganese
- Demand downgrade for 2023, as alloy markets destock
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Silicon
- Ferrosilicon
- Silicon metal
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Chromium
- Forecast chromium ore output unchanged as supply remains constrained
- Oversupply continues to undermine ferrochrome output
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Manganese
- Ore output moving up in 2023, pushing market into oversupply
- Alloy output cuts focused on silicomanganese
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Silicon
- Ferrosilicon
- Silicon metal
Tables and charts
This report includes the following images and tables:
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Key chromium forecastsKey manganese forecastsKey silicon forecasts
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Quarterly chromium ore prices and forecastsQuarterly high-carbon ferrochrome prices and forecastsQuarterly manganese ore price forecastQuarterly silicomanganese price forecastQuarterly high-carbon ferromanganese price forecastQuarterly MC FeMn and manganese metal price forecastFerrosilicon monthly pricesGlobal ferrosilicon price forecastSilicon metal monthly prices
- 18 more item(s)...
What's included
This report contains:
