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December 2019 | Ferro-alloys


European APT prices gaining, with tight supply offsetting weak demand: Tungsten Highlights


With much of the demand for tungsten coming from engineering steels and tool steel manufacturers, weakness in the mechanical engineering sector has negatively affected tungsten consumption this year.

The tungsten market is ending the year fairly well supported, with tighter supply continuing to offset disappointing demand from end users. European APT prices posted further gains in recent weeks, climbing to $230-245 per mtu, up from $225-240 per mtu in November. We understand offers of cheaper material are no longer available, while prices are also supported on tighter concentrates...

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