US FeTi scrap price records first decline since August 2020

The price of ferro-titanium scrap in the United States has fallen for the first time since August 2020 following a push-back by ferro-titanium manufacturers who are facing weaker US prices for their products, some market sources said.

Just over a month ago, scrap prices were reportedly rising by 5-10% week on week amid an extreme shortage related to a decline in aircraft building during the Covid-19 pandemic.
The high price of scrap was the main factor behind a rally in the price of ferro-titanium that began in September last year, produced hourly price increases by December and lead to the price of the finished product peaking in January.

The price...

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