One Listed Tungsten Company in Fujian Signs Its First APT Term Contract for October

Metallus set its October raw-material surcharges for Oct 1–30. The Mo component for 300M steel rose 0.52% to $15.176/cwt, about $334.57/t of steel, from $15.098/cwt, or $332.85/t. The listed total surcharge increased 1.03% to $45.054/cwt. Scrap rose to $17.750/cwt, while the separate energy surcharge for bars and tubes fell from $1.296/cwt, about $28.57/t, to $0.050/cwt, or $1.10/t.

[SMM Tungsten Express] European APT offer ranges shifted down to $2,700-3,100/mtu this week, retreating from previous levels. Some offers were heard at $2,700-2,750/mtu, with more low-priced quotes emerging, though actual transactions remained thin with no new spot deals concluded. Smelter long-term contract prices held above $3,000/mtu, with existing output largely pre-sold and limited spot availability. Scrap and ore prices fell in tandem, with buyers leaning bearish and a strong wait-and-see atmosphere. Some traders noted that as long as China cannot export feedstock, no new low-priced spot material will emerge, keeping the market in a stalemate. Overall, the APT offer center moved slightly lower, with near-term prices facing downward pressure amid weak demand and softer scrap and ore prices.

Outokumpu’s October 2026 North American coil alloy surcharges edged lower across several molybdenum-bearing grades. The surcharge for 316L 2.5% Moly fell 0.5% MoM to $4,291.96/t, while 316L/4404 declined 0.7% to $3,886.31/t. Duplex 2205 was broadly flat at $4,225.83/t. Surcharges for 904L and 254 SMO fell 0.8% and 0.6% to $8,236.48/t and $8,914.62/t, respectively. These are alloy surcharges rather than full steel prices and reflect nickel, chromium and other alloy inputs as well as molybdenum.