Titanium scrap turmoil may be over, or not
Nov 07, 2007 | 09:49 AM
| Frank Haflich
The titanium scrap market should begin to stabilize in 2008 after this year's turmoil, a leading scrap executive predicted. But among titanium consumers, the jury is still out.
"I believe the worst of the turbulence is behind us," Jerry Faitelson, vice president of Goldman Titanium Co., Buffalo, N.Y., told members of the International Titanium Association in Orlando, Fla., recently, citing a "crash in scrap prices that caught many of us in the industry by surprise." He emphasized that the surprise wasn't so much that prices declined, but rather, "how fast and how far they fell."
Faitelson stayed away from citing prices, but industry sources agreed the decline has been precipitous. Chips have fallen to a range of $2 to $3 per pound from a peak as high as $8 to $9 per pound last year, with some offers for unprepared material less than $2 per pound, sources said. Bulk weldables in prepared form are $7 to $8 per pound, down from $18 to $19 per pound last year, but unprepared material has been reported as low as $5 per pound.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.