The European ferro-titanium price has jumped to a peak last seen in May 2013, when it was assessed at a range of $6.70-6.90 per kg ddp, after renewed trading activity in quarterly business to steelmakers from January has joined with a bull run in spot demand since September.
Fastmarkets assessed the price for ferro-titanium 70% Ti, max 4.5% Al, ddp Europe at $6.25-6.75 per kg on Wednesday December 9, an increase of almost 20% from $5.25-5.65 per kg a week earlier."The ferro-titanium market is on steroids," a United Kingdom-based alloy supplier source told Fastmarkets. "The market is being driven higher by a lack of material, raw material, over-reaction, pre-emptive buying,...