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


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


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