European ferro-titanium suppliers are set to push up their offer prices for the remaining months of 2021 with steel mills returning to the market after the summer slowdown, industry sources told Fastmarkets.
Suppliers have reported deals done above $8 per kg basis ddp for ferro-titanium for delivery in the fourth quarter, as well as deals done approaching $8 per kg for prompt shipment in Europe."It seems we will have an interesting time in the coming weeks," one European supplier told Fastmarkets. "Tight container availability and big delays, expensive freight rates to the US and Asia, the tipper [truck] situation in Europe, [the] Russian export tax situation, tightness on ferro-titanium and scrap. And the major steel mills...