- Firm stainless steel demand supports buying
- Tight scrap availability raises mill costs
India’s ferro titanium prices remained stable w-o-w at INR 370,000/t ($3,911/t) exw-India, as steady supply and demand kept the market balanced. Trading activity remained largely stable, with buyers maintaining a cautious approach and procuring mainly against immediate requirements.
India’s stainless steel market remained firm, supported by tight scrap availability, steady domestic demand and higher alloy costs. A leading producer raised 304 and 316-grade HR and CR prices amid higher ferro molybdenum and firm nickel costs, while subdued imports further supported mill pricing. However, buyers remained cautious at elevated levels and largely followed a requirement-based purchasing approach.
China’s ferro titanium market remained stable to slightly stronger, supported by increased steel mill tender activity and improving seasonal demand. Producers continued to control output and resisted lower prices due to limited margins, while stable input costs provided additional support. Although mills continued seeking lower prices through tenders, stronger procurement activity and limited supply-side flexibility kept the market firm.
India’s ferro titanium prices are expected to remain stable next week, supported by firm stainless steel prices, tight scrap availability and elevated alloy costs. Cautious, requirement-based buying may limit upside.
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