Japan, Korea steelmakers seek to pass on FeV cost rise

摘要

Japanese and South Koreansteelmakers plans to raise prices ofspecialty steel to pass on the surge inferrovanadium and other ferroalloy prices,mill sources said Friday.There are Japanese buyers who arecurrently paying steel prices negotiatedwhen ferrovanadium (80% V) was $40/kg,the mill sources said. This week, Chinesetraders were heard offering spot material at$140/kg FOB Dalian. And the price jump isnot likely to be a short-term trend. Chinesedemand will remain strong on the back of thecountry’s new high-strength rebar standardmandating the use of ferrovanadium.