Tag: India: Ferro molybdenum market remains resilient despite subdued stainless steel demand

Firm input costs support domestic ferro molybdenum prices Subdued stainless demand limits domestic buying activity India’s ferro molybdenum (Mo: 60%) prices remained largely stable with slight rise by INR 15,000/t ($156/t) w-o-w to INR 4,160,000/t ($43,222/t) exw. Market sentiment remained balanced, supported by firm offers and stable input costs, despite moderate demand and cautious downstream…