Prices in the European titanium alloy and scrap market could fall in the near term amid signs of weaker scrap costs and little renewed consumer demand for third quarter deliveries, according to trade sources.
While most industry ferro-titanium suppliers reported fairly stable prices this week, they also said trading activity has been quiet, much like the rest of the current quarter. Steelmakers told Fastmarkets they have little interest in buying ferro-titanium at present, because they have enough supply from longer-term contracts. Steelmakers are also set to shut their production facilities for three weeks as usual in July and August, meaning less demand for ferro-alloys."We are not in the market...