European ferro-titanium prices could hit multi-year highs in the coming weeks against strengthening demand from steelmakers and increasingly tight supplies of scrap, alloy suppliers in Europe told Fastmarkets.
Delivered duty-paid prices in Europe will set a new annual peak if prices increase at all from the top end of the current range, and the market will equal a more than six-year high if prices reach $6.10 per kg in the near term, as some suppliers expect.Steady demand for prompt material from steel mills for the first quarter of next year pushed the ferro-titanium spot price to $5 per kg on the high end for the first time since May 20 in a 14-week bull run on Wednesday November 25. The ferro-titanium 70% Ti, max 4.5% Al, ddp Europe spot price reached $4.75-5 per kg on Wednesday,...