Commodity Market Report
Global noble steel alloys short-term outlook April 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
Prices across the noble alloys weakened in April in response to slow buying interest from consumers and lower tender prices from steel producers. Niobium prices finished the month only slightly lower but more dramatic declines were seen in Molybdenum and Vanadium. The noble alloys markets will continue to face headwinds from uncertain demand, the banking crisis, interest rate hikes and the risk of recession through the rest of the year. Please read our report to find out more about these trends, our forecast and the latest movements in the market.
Table of contents
- Molybdenum
- Niobium
- Vanadium
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Molybdenum
- Chinese buying activity drag prices lower
-
Niobium
- Niobium prices finished the month only slightly lower
-
Vanadium
- Prices collapse as optimism wanes
- Crude steel trends
- Stainless steel trends
-
Molybdenum
- Demand set to accelerate
-
Niobium
- Niobium demand recovers despite slowing momentum
-
Vanadium
- China rebar off to a slow start
- VRBs to have a break-out year
-
Molybdenum
- Mine supply set to recover
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
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Molybdenum key forecastsNiobium key forecastsVanadium key forecasts
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Crude steel production (Mt)Crude stainless steel production (Mt)Europe Molybdenum oxide and ferromolybdenum pricesMore attractive Chinese prices drawing in materialFerroniobium pricesVanadium pentoxide pricesFerrovanadium pricesFinished molybdenum consumption (kt Mo)2201 vs 2022 change in ferroniobium imports
- 11 more item(s)...
What's included
This report contains:
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