Commodity Market Report

Global bulk steel alloys short-term outlook May 2023

Get this report


You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

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
    • Ferrosilicon
    • Silicon metal
    • Chromium ore prices remain supported as understocking persists
    • Turkish premium and UG2 discount
    • Oversupply continues to undermine ferrochrome prices
    • Ore prices fall further
    • Manganese alloy price decline accelerates
    • EMM prices unchanged
    • Ferrosilicon
    • Silicon metal
    • Crude steel trends
    • Stainless steel trends
    • Stainless steel to drive CAGR 9% p.a. growth in chromium consumption through to 2024
    • Demand downgrade for 2023, as alloy markets destock
    • Ferrosilicon
    • Silicon metal
    • Forecast chromium ore output unchanged as supply remains constrained
    • Oversupply continues to undermine ferrochrome output
    • Ore output moving up in 2023, pushing market into oversupply
    • Alloy output cuts focused on silicomanganese
    • Ferrosilicon
    • Silicon metal

Tables and charts

This report includes 30 images and tables including:

  • Key chromium forecasts
  • Key manganese forecasts
  • 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
  • Crude steel production (Mt)
  • Crude stainless steel production (Mt)
  • 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:

  • Document

    Global bulk steel alloys short-term outlook May 2023

    PDF 1.11 MB