FeMo, oxide up as market awaits European consumers London 11...

FeMo, oxide up as market awaits European consumers
London 11 January 2010 11:24

Molybdenum prices continued rising on at the end of last week even as most European consumers are yet to return to the market after the new year break. Strong demand from Asia has seen prices increase over the first trading week of the year, and prices could push significantly higher if European steel mills return in a buying mood. The European marketplace is still more dominated by talk than business, as consumers are not yet back from vacation, a trader said. South Korea and Japan were in over year-end, but...