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Ferro Vanadium Price Trend and Forecast

UNSPC code: 27111802
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⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

ferro vanadium Price Trends by Country

ruRussia
usUnited States
nlNetherlands
cnChina

Global ferro vanadium Spot Market Prices, Trend Analysis and Forecast

Price Watch™ provides price assessments for Ferro Vanadium across top trading regions:

Asia-Pacific

  • Ferro Vanadium 50%min EX-Shanghai, China


North America

  • Ferro Vanadium 80%min Ex-Warehouse Pittsburgh, USA


Europe

  • Ferro Vanadium 80%min Ex-warehouse Rotterdam, Netherlands
  • Ferro Vanadium 50%min Ex-Warehouse Novorossiysk, Russia

 

Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.

Ferro Vanadium Price Trend Q4 2025

The global ferro vanadium market displayed mixed trends in Q4 2025, according to varying factors within different regions of the world. In China, moderate growth has been supported by year-end restocking demands of steel making. The Netherlands remains cautious with selective purchases being made throughout the quarter. In the U.S., lower construction steel demand has lowered total demand while steady demand from specialist applications offsets this lower demand. In Russia, strong domestic and export demand will provide upward support for global prices.

Continued supply constraints because of limited availability of vanadium feedstock and energy costs, and logistic issues have impacted regional availability of ferro vanadium. Producers have continued optimizing production schedules in order to maintain stable price levels and sales volumes. Thus, there have been both upward and downward pressure on pricing at the close of Q4, indicating a globally mixed market environment.

China: Ferro Vanadium Domestically Traded prices EX-Shanghai, China; Grade- Purity: (Fe50%min, V50%min)

In Q4 2025, China’s ferro vanadium price trend showed moderate growth, reflecting stable steel production and continued infrastructure investment. The quarter-on-quarter increase of 0.94% was supported by sustained demand for high-strength low-alloy steels in construction and automotive sectors. Market participants responded to supply chain improvements and stable vanadium feedstock availability, allowing consistent alloy output.

In December 2025, ferro vanadium prices in China expanded further with regional prices reaching 4.51%, reflecting a slight upward trend fueled by pre-year-end restocking and government-driven industrial projects. Domestic producers maintained cautious production to balance cost pressures from energy and environmental compliance.

Netherlands: Ferro Vanadium Domestically Traded prices Ex-warehouse Rotterdam, Netherlands; Grade- Purity: (Fe20%min, V80%min)

In Q4 2025, in the Netherlands, ferro vanadium price trend declined by 0.35% quarter-on-quarter. European steelmakers faced softer demand due to slower construction activity and cautious industrial procurement. However, in December 2025, ferro vanadium prices in the Netherlands increased by 1.06%, indicated a minor upward correction as importers adjusted inventories in anticipation of potential supply fluctuations.

The market has been further influenced by rising interest in specialty alloys and renewable energy storage systems, which helped offset weaker demand in conventional steel sectors. Logistics and import dynamics also played a role, with transit delays moderating purchasing behavior.

USA: Ferro Vanadium Domestically Traded prices Ex-warehouse Pittsburgh, USA; Grade- Purity: (Fe20%min, V80%min)

In Q4 2025, the United States ferro vanadium price trend faced a significant downward trend, contracting by 4.79% compared to the previous quarter. Weakening demand in construction steel and industrial manufacturing drove the decline, as producers and distributors managed high inventory levels from Q3.

Despite this, in December 2025, Ferro Vanadium prices in the USA activity showed a modest recovery with a market level of 1.75%, driven by selective purchases for automotive and high-strength alloy production. Supply chain improvements and competitive import prices helped stabilize local markets, while domestic mills remained cautious in production planning.

Russia: Ferro Vanadium Domestically Traded prices Ex-Warehouse Novorossiysk, Russia; Grade- Purity: (Fe50%min, V50%min)

In Q4 2025, the Russian ferro-vanadium (Fe-V) price trend rebounded quickly and had a strong increase of 5.80% when measured against the previous quarter. The increased domestic steel production and increased European and Asian exports have been the primary drivers of this rebound, as the world is experiencing an increasingly tight supply of Fe-V. In December 2025, Ferro vanadium prices in Russia have been up 12.07% due to aggressive restocking by downstream users and the frequent availability of favourable export opportunities.

Fe-V production remained relatively stable as the regional metallurgical production increased by optimising production by the large manufacturers and encouraging alloy use within the region’s borders through legislative changes. The demand for Fe-V due to pipeline and construction projects along with specialty alloys have been very high in the respective regions and resulted in the increased demand for Fe-V on the world market.

Ferro Vanadium Price Trend Analysis: Q3 2025

In Q3 2025, there has been an overall mixed trend in the global ferro vanadium prices as the forces dictating demand and supply trends on a global basis have been of opposite effect. Other than stable production from China and the USA, most of Europe’s and the Netherlands’ markets softened as their downstream clients have been moderating their purchasing behaviour as they adjusted their inventories. The results of these market trends created a global market condition that balanced growth and contraction pressures. Conversely, renewable energy storage and specialty alloys continued to attract interest, thereby partially offsetting the softer demand for conventional steel. Meanwhile, in some parts of the world, localized supply constraints have eased, which led to localized price moderation, yet overall supply remains tight in those regions of high demand. Due to the increase in cost of their inputs and new regulatory compliance requirements, producers made adjustments to their production schedules that affected the availability of ferrosilicon in certain supply corridors. Industrial consumers are seeing the mixed detailed activities across the ferro vanadium market, resulting in both opportunity and caution, while the strength of demand will vary by application and location.

China: Ferro Vanadium Domestically Traded prices EX-Shanghai, China; Grade- Purity: (Fe50%min, V50%min)

Ferro vanadium price trend in China declined slightly in Q3 2025, with a decrease of 0.14% from Q2 2025 to Q3 2025 as steelmakers have been cautious in their purchasing due to current adjustments in inventory levels. Demand remains stable in China from ongoing infrastructure projects and automotive steel production; however, some areas of the construction industry have shown limited potential for growth. In September 2025, the price of ferro vanadium in China showed an increase of 0.69% versus the previous month due to increased buyer activity in anticipation of the upcoming demand season. Producers have been managing production closely due to the impact of raw material prices and environmental compliance costs.

Netherlands: Ferro Vanadium Domestically Traded prices Ex-warehouse Rotterdam, Netherlands; Grade- Purity: (Fe20%min, V80%min)

In Q3 2025, the Netherlands ferro vanadium experienced a more pronounced downward price trend with consumption decreasing by 2.87% compared to the previous quarter. Slower industrial production and reduced steel orders in Europe contributed to weaker demand. Importers faced logistical challenges and rising energy costs, which further suppressed purchasing. In September 2025, ferro vanadium prices in the Netherlands recovered by 1.06%, as some buyers replenished inventories ahead of potential supply shortages from key exporting countries. Interest from specialty alloy and energy storage sectors provided partial support, but overall consumption remained subdued.

USA: Ferro Vanadium Domestically Traded prices Ex-warehouse Pittsburgh, USA; Grade- Purity: (Fe20%min, V80%min)

In Q3 2025, the United States ferro vanadium price trend demonstrated moderate growth with a quarter-on-quarter increase of 1.62%. Demand was supported by industrial steel production, particularly in the automotive and infrastructure sectors, which required high-strength low-alloy steels. In September 2025, ferro vanadium prices in the US stabilized, indicating a neutral balance between ongoing orders and inventory management by steelmakers. Supply chains remained tight but manageable, as domestic production and imports helped satisfy demand. Price stability encouraged selective purchasing, while producers focused on optimizing output efficiency to mitigate input cost pressures.

Russia: Ferro Vanadium Domestically Traded prices Ex-Warehouse Novorossiysk, Russia; Grade- Purity: (Fe50%min, V50%min)

In Q3 2025, the Russian ferro vanadium price trend saw a slight contraction of 0.77% in Q3, influenced by slower domestic steel consumption and moderated export activity. Global price volatility and limited downstream demand from Europe and Asia led to restrained buying. In September 2025, ferro vanadium prices in Russia recorded decline of 3.24%, reflecting temporary inventory adjustments and cautious procurement by industrial users. Producers focused on maintaining steady output while navigating rising energy costs and regulatory compliance requirements. Despite the decline, Russia remained a significant supplier to global ferro vanadium markets, and strong demand from strategic industrial sectors provided a stabilizing effect.

According to 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™, In Q2 2025, the ferro vanadium market continued a mixed trend as growth in some regions offset declines in others. China saw robust demand driven by steelmakers seeking to meet quality requirements for high-strength low-alloy steel, while the Netherlands remained conservative due to weaker industrial orders. The U.S. market surged with strong demand from infrastructure and specialty steel segments, contributing to localized upward pressure. Russia experienced a significant increase in domestic and export consumption, further influencing global dynamics. Supply chains were challenged by raw material availability and transportation delays, which created intermittent price volatility. Producers balanced output against environmental compliance costs, ensuring stable production without oversupply. Overall, Q2 demonstrated both growth and moderation, with regional disparities defining the mixed trend.

In Q1 2025, the global ferro vanadium market displayed a mixed trend, driven by divergent regional demand patterns. China experienced moderate consumption, supported by steady steel production and ongoing infrastructure projects, while the Netherlands saw softer industrial activity, limiting overall growth. The U.S. market recorded selective gains from automotive and industrial steel applications, whereas Russia benefited from stable domestic production and export demand. Global logistics constraints and fluctuating vanadium feedstock availability created both upward and downward pressures on pricing. Seasonal smelter maintenance in key producing regions affected supply, encouraging cautious procurement. Market participants reacted by balancing inventory levels with expected demand, resulting in varied buying patterns across regions. Overall, Q1 reflected cautious industrial activity and a regionally divergent market environment.

Ferro Vanadium Price Trend Analysis: Q4 2024

In Q4 2024, he global ferro vanadium market showed a downward trend as multiple regions reduced consumption. China experienced a slight slowdown in steel production, while the Netherlands and Europe saw weak industrial demand, leading to restrained alloy purchases. The U.S. market was largely stable but did not offset declines elsewhere. Russia faced lower export activity, contributing to a global supply-demand imbalance. Pricing remained under pressure due to cautious procurement, adequate inventories, and softer downstream demand. Energy costs and environmental compliance challenges limited production flexibility. Overall, Q4 reflected a decline in global market momentum with widespread downward pressures.

In Q3 2024, the ferro vanadium market returned to a mixed trend, driven by contrasting regional performance. China maintained stable demand from infrastructure and automotive steel producers, while Europe and the Netherlands experienced weak industrial activity. The U.S. market remained steady in specialty alloy segments, while Russia saw minor fluctuations in domestic consumption and exports. Supply chain constraints, including feedstock availability and transport delays, influenced market dynamics. Seasonal maintenance and operational adjustments from producers created intermittent upward pressures. Overall, Q3 reflected a balance between growth in some regions and contraction in others, resulting in a globally mixed outcome.

In Q2 2024, the global ferro vanadium market recorded a downward trend as demand weakened amid inventory adjustments and slower consumption in some key steelmaking regions. Chinese mills exercised caution in placing large orders, and the United States saw a modest contraction in alloy procurement due to slowed industrial growth. The Netherlands and broader European markets experienced reduced demand from construction and manufacturing sectors, contributing to softer global activity. Price pressure emerged as producers adjusted output to align with lower downstream orders, and raw material cost fluctuations added to market uncertainty. Environmental compliance expenses and logistic challenges continued to affect supply responsiveness, leading buyers to delay purchasing where possible. Although some demand persisted in emerging applications like energy storage, it was not sufficient to offset declines in core steel usage. Consequently, the overall market momentum slowed considerably for this period.

In Q1 2024, the global ferro vanadium market displayed a mixed trend with divergent regional activity. China’s steel production remained steady, supporting moderate alloy consumption, while the Netherlands experienced strong early-year industrial demand. The U.S. market saw weaker uptake due to inventory adjustments from the prior year, and Russia recorded moderate domestic demand for exports. Seasonal maintenance and logistical constraints influenced supply flows, creating price volatility. Emerging demand from specialty alloys and energy storage sectors provided partial support, but traditional steel applications dominated. Overall, Q1 reflected a balance between growth and slowdown across major consuming regions, resulting in a mixed trend.

Technical Specifications of Ferro Vanadium Price Trends

Product Description

Ferro Vanadium (FeV) is a ferroalloy composed primarily of iron and vanadium, typically containing 35–85% vanadium, and is widely used as an alloying additive in steel manufacturing. It is produced mainly through aluminothermic or silicon reduction processes using vanadium-bearing raw materials such as vanadium pentoxide or vanadium slag combined with iron. The addition of ferro vanadium to steel significantly improves strength, hardness, wear resistance, corrosion resistance, and high-temperature stability, while also refining the grain structure of steel to enhance its mechanical performance. Due to these properties, ferro vanadium is extensively utilized in the production of high-strength low-alloy (HSLA) steels, tool steels, and structural steels used in industries such as construction, automotive manufacturing, pipelines, aerospace, and heavy machinery. The alloy is commonly supplied in lump or crushed form with varying particle sizes depending on metallurgical requirements, and its global demand is strongly linked to trends in steel production, infrastructure development, and advanced engineering applications.

Identifiers and Classification:

HS Code – 72029200
CAS Number: 12604-58-9

Ferro Vanadium Synonyms:

Ferrovanadium Alloy

Ferro Vanadium Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 30-50 MT
  • Packaging Type (Product & Country Specific): 250Kg Steel Drum


Incoterms Referenced in Ferro Vanadium Price Reporting

Shipping Term  Location  Definition 
EX-Shanghai  Shanghai, China  Domestically Traded Ferro Vanadium price in China 
Ex-warehouse Rotterdam  Rotterdam, Netherlands  Domestically Traded Ferro Vanadium price in Netherlands 
Ex-Warehouse Pittsburgh  Pittsburgh, North America  Domestically Traded Ferro Vanadium price in USA 
Ex-Warehouse Novorossiysk  Novorossiysk, Russia  Domestically Traded Ferro Vanadium price in Russia 

*Quotation Terms refers to the quantity range specified for the Ferro Vanadium being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Ferro Vanadium packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Ferro Vanadium Manufacturers

Pangang Group Vanadium & Titanium Resources Co., Ltd. 
EVRAZ plc 
AMG Advanced Metallurgical Group N.V. 
Bushveld Minerals Limited 
Glencore plc 

Ferro Vanadium Industrial Applications

Historically, several events have caused significant fluctuations in Ferro Vanadium prices

  • Renewed Downturn (2023–2025): Oversupply and weak steel demand kept prices soft across the market. Emerging demand from energy storage has not yet offset the continued market weakness.
  • Russia-Ukraine War Impact (2022–2023): Sanctions and trade restrictions curtailed Russian vanadium supply. European markets faced upward pressure due to reduced availability of a key producer.
  • Post-COVID Recovery & Inflation (2021–2022): Infrastructure stimulus programs boosted steel demand across major economies. Supply disruptions and inflation kept the market elevated before a moderate correction in 2023.
  • COVID-19 Disruption (2020): The pandemic collapsed global steel demand and suppressed the market. Temporary supply interruptions had little effect against the dominant demand collapse.
  • Rapid Reversal (Late 2018–2019): Speculative unwinding and weaker-than-expected steel demand triggered a correction. Market activity slowed as rebar standard enforcement lagged and inventories were reduced.

 

These events underscore the Ferro Vanadium market’s sensitivity to supply disruptions, industrial demand shifts, and geopolitical or policy interventions, highlighting the importance of monitoring both global supply and domestic consumption patterns.

Why Price Watch™?

Price Watch™ is your trusted resource for tracking global ferro vanadium price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the ferro vanadium market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watch™ keeps you fully informed of market dynamics.

In addition, Price Watch™ provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With Price Watch™, you gain a competitive edge in understanding all the elements that influence ferro vanadium prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely ferro vanadium market data.

Track Price Watch's™ ferro vanadium price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Ferro Vanadium Market Price Trend published by 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ assumes no liability for decisions taken based on this information.

Ferro Vanadium (FeV) is a ferroalloy made of iron and vanadium, usually containing 35–80% vanadium, and is primarily used as an alloying agent in steel to increase strength, hardness, wear resistance, and corrosion resistance. Its price is critical because it directly affects steel production costs, especially for high-strength low-alloy steels, tool steels, and structural steels, which are used in construction, automotive, and energy sectors. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ tracks these prices to help businesses and consumers understand and stay updated with the market trends.

Ferro Vanadium prices vary by grade, purity, region, and market conditions. Prices are usually quoted per metric ton or per pound, and they fluctuate due to global steel demand, raw material availability, energy costs, and geopolitical factors. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ provides real-time price assessments across different global markets to help buyers and sellers make informed decisions.

Ferro Vanadium prices trend upward or downward depending on steel production, vanadium ore availability, environmental regulations, and smelter maintenance schedules. Exchange rates, shipping/logistics costs, and global economic conditions also impact pricing. Seasonal variations, export policies (especially from China and Russia), and demand from automotive, construction, and tool steel industries are key market drivers.

The steel industry is by far the largest consumer, particularly manufacturers of high-strength low-alloy steels, tool steels, and structural steels. Secondary applications include automotive, pipelines, aerospace, and energy storage alloys. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ analyses demand patterns across all these industries.

Ferro Vanadium is produced by reducing vanadium-bearing materials such as vanadium pentoxide, slag from steel production, or titaniferous magnetite with iron using aluminothermic or silicon reduction processes. High-purity ferro vanadium is further refined and cast into lumps or ingots for industrial use.

China is the largest exporter of ferro vanadium, followed by Russia, South Africa, and some European countries such as Germany and Belgium. Export volumes vary with domestic policies, environmental regulations, and international demand. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ tracks production levels, export flows and trade patterns to help businesses understand global supply chains and identify sourcing opportunities.

Yes, global supply generally meets demand, but occasional disruptions occur due to smelter maintenance, environmental regulations, or raw material shortages. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ monitors these supply-demand imbalances to alert the market about potential shortages or surpluses.

Ferro Vanadium is available in grades such as industrial (35–50% V), high-purity (60–80% V), and ultra-high-purity (>80% V). Prices increase with vanadium content because higher grades require more energy-intensive reduction and refining, making them more expensive for alloy producers. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ provides separate price assessments for each grade to ensure market transparency.

When demand rises such as from increased steel production, automotive applications, or energy storage projects prices generally increase. Suppliers may allocate limited stocks to priority buyers, and delivery lead times can lengthen. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ captures these market dynamics in real-time.

Ferro Vanadium production is energy-intensive, relying on electricity and fuels for reduction and refining processes. Rising energy costs increase production expenses, which are often passed on to buyers. This is why prices in regions with cheaper electricity tend to be lower, a correlation that 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ analyses in its price assessments & market reports.

Regional price differences are influenced by import/export dependency, transportation and shipping costs, local demand, and currency fluctuations. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ tracks prices across all major regions to highlight these differences.

Forecasts depend on vanadium ore production, Chinese export policies, global steel demand, and macroeconomic factors. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ regularly publishes detailed forecasts that project price movements for the next 12 months based on comprehensive analysis of supply additions, demand growth in key industries, seasonal patterns, and macroeconomic indicators. Our forecasts help businesses anticipate market conditions and plan accordingly.

Yes. Accurate forecasts allow businesses to optimize purchasing, negotiate contracts, and manage inventories. If 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ forecasts predict a price increase in three months, you might choose to stock up now or lock in long-term contracts at current rates, potentially saving thousands of dollars.

Global events such as Chinese export restrictions, smelter shutdowns, environmental regulations, geopolitical tensions, or economic shocks can cause supply shortages and price volatility. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ provides timely alerts when such events affect the market.

𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ collects data from manufacturers, distributors, and buyers worldwide to publish regular price assessments, market reports, and forecasts. Our transparent methodology and comprehensive coverage make us a trusted source for understanding fair pricing and market trends in the Ferro Vanadium industry.

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