Asia Steelmakers Consider Switch to Term Moly Contracts

Platts reported that steelmakers in South Korea and Taiwan are looking at term contracts for ferromoly and moly due to spot market tightness.

As quoted in the market news:

South Korean steelmaker Posco has already issued a purchase tender for 80 mt/month of ferromoly to be supplied over 10 months from March to December. The tender issued last week, closes Tuesday.

Click here to read the full Platts report.