Manganese alloy prices to remain unchanged in Europe

摘要

Business activity remained extremely weak in the European Mn alloy market throughout February, so prices stayed largely unchanged. SiMn (65 Mn; 17 Si) and HC FeMn (75 Mn) prices fell by EUR 5/t to EUR 1,145/t DDP on average and EUR 1,140/t DDP, respectively. Ferroalloy consumption continues to moderately recover in Europe. uncertain consumption prospects dampen optimistic moods in the region. Production at European mills has slightly recovered from the start of 2023. The decline in electricity prices and the rise in demand are pushing steel production up. ArcelorMittal has restarted its 2.4 million t BF A in Gijon. The company also plans to restart a 2.5 million t BF No.2 in Fos-sur-Mer (France) in April on the back of better market fundamentals. The same reasons made SSAB put a 1.2 million t BF into operation at Finland’s Raahe facility in early January.