Ferrous Scrap and Ferro Chrome Market Intelligence

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  • What are the key trends in Ferrous Scrap and Ferro Chrome category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Ferrous Scrap and Ferro Chrome industry?
  • How is Ferrous Scrap and Ferro Chrome industry performing?

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Report Coverage

  • Ferrous Scrap: Price Forecast Assumptions
  • Market Overview: China
  • Market Overview: Supply–Demand Dynamics
  • Price Analysis

Table of contents

  1. Executive Summary
  2. Market Overview and Price Analysis: Americas
  3. Market Overview and Price Analysis: Europe
  4. Market Overview and Price Analysis: China

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Global Market Outlook on Ferrous Scrap and Ferro Chrome 

In Americas, the grinding media market reflects a supply deficit scenario, with demand being in excess of 35–40 percent of the total supply (majorly due to higher demand and lower supply from South America) in 2016, majorly owing to the higher demand, due to increase in commodity output.

  • The North American market is expected to be balanced up to 2018, due to the expected increase in Greenfield and Brownfield mining projects in the regions, along with an increase in output of minerals, such as iron ore, copper, and gold, as a result of the commodity price recovery
  • On the other hand, the South American market is expected to be demand surplus up to 2018, due to the expected increase in copper and gold ore output, due to declining head grades for copper production, along with higher iron ore production in Brazil
  • The head grades of copper are expected to decline by around 7–10 percent during 2016–2018 in South America. This shall also lead to increase in demand for grinding media in the American region. Further, gold head grades are expected to decline by a total of 18 percent and 33 percent in South America and North America, respectively

Price Analysis: US

Market Overview- US

  • In August 2017, the US scrap price decreased by 5 percent M-o-M and averaged at 289 $/MT
  • Prices of ferrous scrap went down, mainly due to decrease in export activities along with a fall in domestic demand

Price Outlook

  • In Q4 2017, scrap prices are expected to remain stable or decrease marginally
  • However, limited buying in anticipation for summer slowdown in steel demand will offset any major price fall in the US

Market Overview: Supply –Demand Dynamics-Europe

In Europe, the grinding media market reflects a supply surplus scenario, with supply being in excess of 15 percent of the total demand in 2016, majorly owing to the reduced consumption from the mining and cement sectors.

  • The European grinding media market is currently facing a supply surplus situation, owing to the relatively lower amount of copper and gold ore milled in the region
  • In 2016, HCGM demand constituted to about 20–22 percent of the total grinding media supply in Europe. Magotteaux is the largest supplier of HCGM in Europe
  • Iron ore milling is the largest consumer of grinding media in Europe, accounting for almost ~60 percent of the demand
  • Key players in Europe include Magotteaux, EnergoSteel, Evraz Group (CIS region), and SABO (acquired by Metso in 2013). Evraz Group is the largest supplier in Eastern Europe by installed capacity

Price Analysis: Europe

Market Overview

  • Ferrous scrap prices spiked in Europe for August 2017 averaged at 328 $/MT, a M-o-M increase of 13.8 percent compared to July 2017 average of 288 $/MT
  • Increased export demand from Turkish steel mills post holiday period lead to the rise of scrap prices in Europe

Price Outlook

  • Cyclical rise in demand will lead to a rise in scrap demand, thereby pushing up the scrap prices in early Q1 2018. Increase in scrap prices will further be supported by restocking activities by steel mills

 

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