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WEEKLY: China’s FeMo market weak, price battle hardens

Price negotiations between China’s ferromolybdenum producers and the country’s steelmakers intensified last week as both sides held very different views about what constitutes an “acceptable” price, according to Mysteel’s latest weekly report.
Last week, only a few steel mills entered the market for FeMo procurement, and as the talks progressed no single representative price emerged. The steelmakers seeking the ferroalloy were mostly located in East China’s Jiangsu, Central China’s Hunan, North China’s Hebei and Northeast China’s Liaoning provinces. The settlement prices at

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