UTC+8 ( BJT)

WEEKLY: China's FeMo prices drop on mills' lower bidding

ABSTRACT

China's price of ferromolybdenum (FeMo) under Mysteel's survey decreased for the fourth week during November 15-19, reflecting the lower buying prices tabled by domestic steel mills over the period, market sources said.
As of November 19, the price of 60% FeMo in Northeast China, a key production region for this noble alloy, touched a new low since June 7, having slumped by Yuan 4,000/tonne ($626.8/t) on week to Yuan 129,000/t including the 13% VAT, Mysteel's price tracking showed.   After a top stainless maker

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227