Ferroalloys treading water as demand tsunami looms
Nov 19, 2010 | 12:11 PM
| Jethro Wookey
Massive forecast deficits across the steelmaking raw materials markets over the long term were the overriding theme at Metal Bulletin's 26th Ferroalloys Conference in Berlin this week. But significant uncertainty remains over the shorter term, with steelmakers still confining much of their purchasing to nearby deliveries.
By 2020, there will be an extra 250 million tonnes per year of steel demand out of China, according to VTB analyst Wiktor Bielski, but there is nowhere near that level of growth projected on the supply side for nickel and ferroalloys. ....
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