Moly drifts down on auto demand concerns
Jun 15, 2012 | 01:35 PM
| Thorsten Schier
NEW YORK Worries about a slowdown in domestic steel production have led to further declines in U.S. molybdenum prices.
"Theres some concern in the market right now," said one molybdenum supplier, who had recently visited a number of domestic steel mills. Despite a "reasonably strong first half from the automakers," many of his mill customers said they are now expecting lower steel demand....
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