Global noble steel alloys short-term outlook May 2023 Report

Commodity Market Report 08 June 2023

This report is currently unavailable

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

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

Report summary

Prices across the noble alloys attained stability in May, following a decline in March and April. Molybdenum prices showed a slight upward movement in response to renewed buying activity in China. In comparison, niobium prices remained largely flat. Meanwhile, after several declines, vanadium prices appear to have reached a bottom. Since our last short-term outlook report, the fundamentals driving noble steel alloy markets have not changed substantially. 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.

Molybdenum
Niobium
Vanadium
Molybdenum
- Molybdenum prices sees small gains in May
Niobium
- Prices maintain stability despite weaker market
Vanadium
- Prices attain stability after freefall
Crude steel trends
Stainless steel trends
Molybdenum
- Minor cut to demand forecast
Niobium
- Niobium demand to grow 8% in 2023
Vanadium
- Chinese rebar production down
Molybdenum
- Weak production guidance results in downward revision to supply growth forecasts
2 more item(s)...