European titanium scrap prices have increased by more than 5% over the week to Wednesday March 31 while the range for ferro-titanium is narrowing, applying a squeeze on margins for producers of the alloy, according to industry sources.
Scrap markets for turnings are over $2 per lb cif Europe, with suppliers increasing their offer prices amid a persistent downturn in the aerospace sector; aircraft manufacturing has nose-dived since the start of the Covid-19 pandemic because of the slump in air travel in line with international restrictions on people movement.The corresponding price assessment for higher tin content titanium scrap turnings, unprocessed type 90/6/4, 0.5-2% Sn max, cif Europe was $1.80-1.90 per lb on the same...