Titanium sponge tags to rise, scrap seen falling
Oct 04, 2011 | 04:04 PM
| Frank Haflich
SAN DIEGO Two key titanium materials appear to be heading in opposite directions, with contract sponge prices likely on course to rise next year after recent sharp gains in feedstock costs while the more immediate outlook for scrap is down, attendees of the Titanium 2011 conference said.
"Its a difficult situation because feedstock prices have risen greatly," said Shozo Nishizawa, president of Hyogo, Japan-based Osaka Titanium Technologies Co. Ltd., one of the countrys major sponge producers.
Japanese producers, who last year became the leading source of U.S. sponge imports, are looking to raise prices for future business after seeing their own feedstock prices approximately double, Nishizawa told AMM in an interview during the annual conference hosted by the International Titanium Association (ITA).....
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