Ferromoly tags off in Europe; market awaiting next move

Oct 22, 2012 | 02:00 PM | Claire Hack

Tags  ferromolybdenum, ferromolybdenum prices, European ferromolybdenum, ferromolybdenum traders, Claire Hack

LONDON — Ferromolybdenum prices are hovering around $28 per kilogram in Europe as the recent rally tails off, market participants told AMM sister publication Metal Bulletin.

"It seems to be under pressure. We have heard from consumers who have had offers for a truckload in Italy at $27 and even below," one trader said. "I expect the market to get more active in the next week or....

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