RE:WEBINAR: Infrastructural steel, ferro-alloys have ‘great proThanks ZUTFIE
Good article
Lets hope this is a good sign for inprovement of prices of Vanadium
:)
Rebar consumption, that had been struggling last year, recorded 14% year-on-year growth in April and 20% in May, Ramsay said. The sudden surge is linked to a rapid return to infrastructure spending, which not only supports basic steel, such as rebar and rods, but also a wide array of products including sections, plates, rail track and pipe, according to Ramsay.
Our ferro-alloys analysts believe there will be increased intensity of use in vanadium, such as in rebar,” Ramsay said.
Lv also pointed out vanadium prices are lower compared with niobium, a substitution alloy in rebar production, causing some mills which previously adopted niobium to switch back to vanadium. This has been partially reflected in the sharp fall of niobium imports in March and April.