Tag: India ferro molybdenum prices

Weak stainless steel demand drags down prices China’s firm costs support global market sentiment India’s ferro molybdenum (Mo: 60%) prices declined by INR 100,000/t ($1,056/t) w-o-w to INR 4,000,000/t ($42,232/t) exw, as per BigMint’s assessment on 1 July. The correction was largely driven by sluggish domestic demand, sufficient inventory levels with sellers, and panic selling…