Tag: ferromolybdenum
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China: Rising nickel, molybdenum costs push 316L stainless steel prices higher
316L CRC prices rise nearly 20% since January Raw material inflation squeezes mill profitability SteelDaily: China’s 316L stainless steel cold-rolled coil (CRC) market continued to strengthen in early May, supported by a sharp rise in nickel and molybdenum prices amid tightening raw material availability and higher production costs. Market participants noted that elevated alloy prices…