Molybdenum News Center

Japan Steel Mills Maximise Q3 Term Options for molybdenumbdenum Oxide as Demand Rises,2013-I

At least two Japanese steelmakers are believed to have exercised their term options to increase contract volumes of molybdenum oxide for the third quarter as steel demand from the automotive sector rises, Japanese traders said.

Some mills have asked for additional shipments of two to four cargoes of molybdenum oxide for delivery over July-August, traders said.

 Molybdenum oxide demand for specialty steel used to make automotive components has been improving in recent months, trade and mill sources have said.
 

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