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The Special Ferro-alloys Market – a Difficult Global Problem

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  • Cristina Bumbac
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    Abstract

    The special ferro-alloys are the most important ingredients for special alloyed steel. They are much more expensive than basic ferro-alloys and there are fewer producers. The market is volatile most of the time due to the balance offer-demand: some special ferro-alloys are obtained only in a reduced number of countries (for example, China dominates ferrowolfram), while consumption is specific for every economy. The market for special ferro-alloys depends on the offer of specific metals which form the ferro-alloy, the market for special steel and stainless steels and - sometimes - speculative operations. In general, prices are higher in U.S.A. than in Europe. The atypical crisis which started in 2008 and is still affecting all the developed economies had not a significant influence on the special ferro-alloys market, due to their individuality compared with other goods market. The most stable was the market of ferrowolfram, and the most insecure that of ferrovanadium.

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    Bibliographic Info

    Article provided by Institute for World Economy, Romanian Academy in its journal Revista de Economie Mondiala.

    Volume (Year): 3 (2011)
    Issue (Month): 3 (September)
    Pages:

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    Handle: RePEc:iem:journl:v:3:y:2011:i:3:id:2822000008752031

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    Keywords: Special Ferro-alloys Market; ferrowolfram; steel and stainless; ferrovanadium; HONG KONG EXCHANGE ; CLEARING; LONDON METAL EXCHANGE (LME);

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