Titanium sponge supply expected to fall 9.3%
Apr 04, 2013 | 04:55 PM
| Frank Haflich
LOS ANGELES After nearly doubling during the past three years and climbing nearly 17 percent in 2012, global output of titanium sponge is expected to fall 9.3 percent this year, with Japanese producers bearing the brunt of the cutback, according to UST Kamenovgorsk Titanium & Magnesium Plant (UKTMP).
Heavy inventories and stiff competition from abundant supplies of low-priced scrap are among the leading reasons for the years expected decline, Sylvain Gehler, chairman of the Kazakh producer, said at the International Titanium Associations recent Titanium Europe conference in Hamburg, Germany, and in a telephone interview with AMM this week.....
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