Commodity Market Report

Global bulk steel alloys strategic planning outlook - Q1 2023

This report is currently unavailable

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

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

After a year marred by gloomy macroeconomic sentiment and weak end-use consumption, most western economies are set perform better than initially feared prior to Q4 2022. Along with the "reopening" of China, following a year of disruptive lockdowns, this will provide a boost to bulk alloy consumption over the early-2020s. Beyond this, a decline in China's crude steel output will undermine consumption, though stainless steel will provide some upside for ferrochrome and ferrosilicon. Due to slower long-term demand growth, bulk alloy markets will be adequately supplied by existing capacity and known projects, through much of the outlook.

Table of contents

  • Crude steel and stainless steel: India to provide only limited offset on China decline
  • Demand: Moderate growth to bulk alloys offered by stainless steel and specialty steels
  • Prices: Despite softening costs, some alloy prices remain below costs fundamentals and will rebound
  • Supply: China remains crucial to long-term supply, despite a scale-down in capacity
  • Silicon metal’s role in renewable energy means stronger demand growth than ferrosilicon
    • Chromium ore
    • Chromium ore price forecast
    • Ferrochrome
    • Ferrochrome price forecast
    • Risks to the base case
    • Risks to forecast UG2 supply
    • Developments in China
    • Developments in South Africa
    • 2 more item(s)...
    • Manganese ore
    • Manganese ore price forecast
    • Manganese alloy (SiMn and FeMn) market balance
    • Manganese alloy price forecast
    • Manganese metal market balance
    • Manganese metal and medium-carbon ferromanganese (MC FeMn) price outlook
    • High-purity manganese sulphate market balance
    • High-purity manganese sulphate price outlook
    • 1 more item(s)...
    • Ferrosilicon
    • Ferrosilicon price forecast
    • Silicon metal
    • Silicon metal price forecast
    • Key risks to ferrosilicon and silicon metal base case price forecasts
    • Chinese output to edge up, India will continue to ride the momentum in 2023
    • India and Southeast Asia to be the torchbearers for long-term supply growth; Chinese output falls amid dwindling demand
  • Stainless steel production trends
  • Chromium
    • Manganese in batteries
  • 5 more item(s)...

Tables and charts

This report includes the following images and tables:

  • Forecast crude stainless steel production
  • Chromium consumption outlook to 2050 by first use
  • Consumption of ferrochrome by steel type
  • Chromium ore and ferrochrome demand
  • Outlook for global average manganese intensity of crude steel
  • Manganese alloy and metal consumption outlook
  • Manganese consumption by first use
  • Chromium ore supply-demand balance outlook
  • Future requirement for chromium ore supply
  • South African 42-44% LG-MG ore vs 40-42% UG2 price outlook - real forecast
  • South African 42-44% LG-MG ore vs Turkish 40-42 % ore price outlook - real forecast
  • 47 more item(s)...

What's included

This report contains:

  • Document

    Global bulk steel alloys strategic planning outlook - Q1 2023

    PDF 1.53 MB