Tag: stainless steel alloy costs
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China: Surging molybdenum prices push 316L stainless steel costs higher
Ferro molybdenum hits three-year high Tsingshan raises 316L export surcharge by $200/t SteelDaily: China’s 316L stainless steel market strengthened sharply this week as soaring molybdenum and ferro-molybdenum prices significantly increased production costs across the 316-series segment. Market participants noted that tight mine supply and aggressive procurement by steelmakers pushed molybdenum concentrate prices above RMB 5,000/mtu…