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The Special Ferro-alloys Market – a Difficult Global Problem

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  • Cristina Bumbac

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.

Suggested Citation

  • Cristina Bumbac, 2011. "The Special Ferro-alloys Market – a Difficult Global Problem," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 3(3), September.
  • Handle: RePEc:iem:journl:v:3:y:2011:i:3:id:2822000008752031
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    File URL: http://www.iem.ro/rem/index.php/REM/article/view/67/53
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    More about this item

    Keywords

    Special Ferro-alloys Market; ferrowolfram; steel and stainless; ferrovanadium; HONG KONG EXCHANGE ; CLEARING; LONDON METAL EXCHANGE (LME);
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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