A deepening of the acute shortage of titanium scrap, added to the news this week of a slump in aerospace orders, should support and strengthen prices for both scrap and ferro-titanium in the coming months despite the potential consequences for alloy consumption, industry sources told Fastmarkets on Wednesday February 24.
Prices in Europe's titanium scrap markets have been rallying for almost seven months, against a slump in aircraft production, which results in offcuts of scrap containing ferro-titanium.Moreover, the four orders that were placed were all for wide-body aircraft. This meant that no single-aisle aircraft orders were placed in the first month of this year, for the first January on record. This contrasted with January 2020, when single-aisle aircraft...