Tag: molybdenum price decline
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China: Duplex stainless steel prices decline amid slow demand, falling ferro molybdenum costs
Duplex prices may fall further amid bearishness in molybdenum China’s duplex production increases by 7.1% y-o-y in Jan-Oct’25 SteelDaily: Duplex 2205 stainless steel prices in China’s Wuxi market have continued to weaken since mid-September, falling by around RMB 600/t ($85/t) in November. Hot-rolled coil (HRC) prices were assessed at RMB 26,200-26,300/t ($3,690-$3,704/t). The decline was…