April 2012 | Ferro-alloys
Continued strengthening of the US economy is confirmed with rising demand in steel products: Vanadium Highlights
Increasing steelmaker utilisation rates are supporting US prices, but European prices are struggling amid disappointing demand from steel mills.
In the USA, domestic raw steel production continues to climb confirming the strength in the market that has supported US spot market ferro-vanadium prices since the beginning of the year. Prices at $33.62/lb have climbed almost 17% since the recent lows seen in mid-January 2012. The apparent recovery in the steel industry, and the wider economy, has helped to consolidate prices, despite slight declines last week. Prices headed down $0.10/kg V on the spot market last week, but remain $1.70/kg V above the year-to-date average.
There are some signs of tightness in vanadium supply in the USA...
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