For the Quarter Ending June 2026
Ferro Manganese Price in APAC
- In China, the Ferro Manganese Price Index rose by 12.63% quarter-over-quarter, driven by tight supply.
- The average Ferro Manganese price for the quarter was approximately USD 749.33/MT, reflecting balanced supply.
- Ferro Manganese Spot Price stabilized as port inventories improved and offers narrowed to tighter ranges.
- Ferro Manganese Price Forecast signals modest volatility as imported ore costs and domestic output interact.
- Ferro Manganese Production Cost Trend firm on elevated ore CIF and sustained power tariff pressures.
- Ferro Manganese Demand Outlook subdued as steel mill tenders softened and construction activity recovery uneven.
- Ferro Manganese Price Index reflected bullish momentum then softened under competitive domestic merchant selling pressure.
- Large integrated smelters maintained run-rates, capping upside while rising merchant inventories pressured spot market liquidity.
Why did the price of Ferro Manganese change in June 2026 in APAC?
- Steel mill procurement tenders weak, exerting downward pressure as buyers pushed for lower alloy offers.
- Firm manganese ore CIF quotes and elevated bunker costs maintained cost support, limiting price declines.
- Logistics stability allowed scheduled ore arrivals while regional export enquiries remained muted, leaving inventories comfortable.
Ferro Manganese Price in India
- In India, the Ferro Manganese Price Index rose by 6.68% quarter-over-quarter, reflecting ore hikes and demand.
- Ferro Manganese Spot Price volatility eased in June as port arrivals improved, stabilising Price Index.
Ferro Manganese Price in North America
- Ferro Manganese Spot Price softened through May and June as domestic steel mill procurement volumes contracted and buyers opted for hand-to-mouth purchasing amid uncertain finished-steel demand.
- Ferro Manganese Production Cost Trend remained elevated due to sustained high-grade manganese ore CIF (cost, insurance, freight) quotes from South Africa and Gabon, though this cost support was insufficient to prevent price erosion.
- Ferro Manganese Price Forecast projects continued sideways movement in Q3 2026, with potential upside if U.S. infrastructure project awards accelerate and electric-arc furnace (EAF) steelmakers increase alloy additions.
- Ferro Manganese Demand Outlook is subdued, as long-steel production (rebar and merchant bar) declined by approximately 4% quarter-over-quarter, while specialty steel grades maintained steady but not growing consumption.
- Major U.S. ferroalloy producers operated at 70–74% capacity, with one Ohio-based smelter undergoing maintenance in May, though this did not tighten the spot market due to ample merchant inventories.
- Warehouse stocks at Pittsburgh and Chicago terminals increased by 10% over the quarter, exerting downward pressure on the Ferro Manganese Price Index as suppliers competed for limited mill tenders.
Why did the price of Ferro Manganese change in June 2026 in North America?
- Prices decreased in June 2026 primarily due to a significant drop in quarterly steel mill tender volumes, with major integrated mills reducing ferroalloy procurement by approximately 15% compared to Q1 2026.
- Slower-than-expected automotive sheet production (down 2.8% month-over-month) reduced demand for higher-grade steels that require increased manganese additions, weakening the Ferro Manganese Spot Price.
- Additionally, cheaper import offers from Brazil and India, landed at USD 25–30/ST below domestic offers, forced U.S. producers to adjust their Ferro Manganese Price Index downward to retain market share during June.
Ferro Manganese Price in Europe
- Ferro Manganese Spot Price trended lower throughout the quarter, pressured by weak construction-sector steel demand and increased availability of competitively priced imports from Ukraine and Georgia.
- Ferro Manganese Production Cost Trend firmed slightly due to higher European power costs and sustained manganese ore benchmark prices, but producers absorbed margin erosion rather than hiking offers amid lackluster buying interest.
- Ferro Manganese Price Forecast indicates a cautiously bearish outlook for Q3, with a possible floor if European steel mills restart blast furnaces after summer maintenance and restock alloy inventories.
- Ferro Manganese Demand Outlook remains weak; European crude steel production fell by 3.5% year-over-year in Q2, with the German automotive sector continuing to struggle with EV transition-related production adjustments.
- Major European ferroalloy smelters in Norway and Ukraine reduced operating rates to 65–68% capacity, yet this supply adjustment did not offset the demand shortfall, leaving the Ferro Manganese Price Index under pressure.
- Rotterdam and Antwerp port inventories built up by 12% over the quarter, as manganese ore arrivals remained punctual while alloy offtake slowed, creating a buyers' market environment.
Why did the price of Ferro Manganese change in June 2026 in Europe?
- Prices decreased in June 2026 primarily because of a steep decline in European construction activity, with the EU construction PMI falling to a 15-month low, directly reducing demand for long steel products and the ferroalloys used in their production.
- Competitive import pressure from Ukrainian and Georgian producers, offering material at EUR 20–35/MT below domestic levels, forced European smelters to reduce their Ferro Manganese Spot Price to remain competitive.
- Furthermore, slower automotive OEM order books in Germany and France reduced demand for high-manganese advanced high-strength steels (AHSS), contributing to the downward movement of the Ferro Manganese Price Index during June.
For the Quarter Ending March 2026
Ferro Manganese Prices in North America
- In North America, the Ferro Manganese Price Index declined moderately quarter-over-quarter, pressured by softer steel utilization rates.
- Ferro Manganese Spot Price eased as buyers adopted wait-and-see strategies amid ample regional supplies.
- Ferro Manganese Price Forecast suggests a cautious rebound, contingent on Ferro Manganese Production Cost Trend, which remained elevated due to stable power and scrap costs.
- Ferro Manganese Demand Outlook weakened from automotive and construction sectors, reducing spot buying urgency.
- Inventory overhangs from previous quarters weighed on negotiations, allowing consumers to resist higher offers.
- Several furnaces operated at reduced rates, yet supply still outpaced consumption, keeping the Price Index under pressure.
- Logistics improved domestically, lowering delivered costs and further easing Ferro Manganese Spot Price.
- Import volumes from non-traditional sources added to competition, capping any upward momentum in the regional Price Index.
Why did the price of Ferro Manganese change in March 2026 in North America?
- The price decreased due to a sharp pullback in steel mill capacity utilization following weaker end-user demand for flat-rolled products.
- Amorphous inventory levels from Q4 2025 carried into March, creating a supply overhang that forced producers to compete on price.
- Lower quarterly contract settlements for manganese ore imports reduced immediate Ferro Manganese Production Cost Trend pressure, enabling spot discounts.
Ferro Manganese Prices in APAC
- In China, the Ferro Manganese Price Index rose by 6.3% quarter-over-quarter, driven by steel procurement.
- The average Ferro Manganese price for the quarter was approximately USD 1164.33/MT, reflecting subdued activity and stable inventories.
- Ferro Manganese Spot Price strengthened as Price Index momentum reflected higher ore-linked landed cost pressures.
- Ferro Manganese Price Forecast cites Production Cost Trend, supported by rising manganese-ore and freight costs.
- Ferro Manganese Demand Outlook improved as steel mill procurement and automotive orders tightened sellers' hold on Price Index.
- Inventory levels remained normal, limiting panic buying while Ferro Manganese Production Cost Trend sustained producers' margin protection.
- Export enquiries were limited, but logistics-related freight spikes supported higher Ferro Manganese Spot Price and regional offers.
- Major furnaces ran steadily, underpinning supply while Ferro Manganese Price Index reflected tightening near-term demand versus available inventories.
Why did the price of Ferro Manganese change in March 2026 in APAC?
- Sustained domestic steel procurement and automotive production raised immediate alloy demand, supporting upward price pressure.
- Firm manganese-ore quotations and higher freight costs increased landed production economics, lifting cost base for producers.
- Stable inventories and absence of major supply shocks allowed incremental spot buying to move the Price Index higher.
Ferro Manganese Prices in Europe
- In Europe, the Ferro Manganese Price Index remained range-bound but ticked higher by late March, supported by energy cost volatility.
- Ferro Manganese Spot Price saw selective firming as traders covered short positions ahead of scheduled furnace maintenance.
- Ferro Manganese Price Forecast incorporates rising grid fees and carbon adjustment costs into Ferro Manganese Production Cost Trend.
- Ferro Manganese Demand Outlook showed modest improvement from specialty steel and renewable energy infrastructure projects.
- Buyers resisted sharp increases, though reduced output from two major producers tightened physical availability.
- Imports from non-EU origins faced logistical delays, lending support to local Ferro Manganese Spot Price offers.
- Inventories at ports drew down slowly, preventing panic buying but removing previous oversupply discounts.
- The regional Price Index reflected a tug-of-war between fixed-cost inflation and cautious end-user procurement budgets.
Why did the price of Ferro Manganese change in March 2026 in Europe?
- The price increased moderately in March 2026 due to unplanned furnace outages in Northern Europe that reduced weekly production by approximately 12%.
- Concurrently, the Ferro Manganese Production Cost Trend rose sharply after a spike in German power forward prices and higher port handling fees.
- A last-minute pickup in coated steel orders for automotive EV platforms increased Ferro Manganese Demand Outlook just as supply tightened, pushing the Price Index higher.
