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China FeMo prices firm on better demand, raw mats prices

ABSTRACT

Prices of ferromolybdenum (FeMo) in China under Mysteel's survey recovered over November 22-26 after trending down since mid-October, mainly thanks to improved demand among domestic steel mills and the smelters' rising input costs, market sources said.
As of November 26, the price of 60% FeMo in Northeast China, a key production region for the alloy, had climbed to Yuan 134,000/tonne ($20,984.4/t) including the 13% VAT, rising by Yuan 5,000/t on week, Mysteel's price tracking showed.   FeMo demand among steelmakers recovered last week, and trading became active after

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