Low Stocks Prompt Japanese Steelmakers to Seek Term Contracts

Platts reported that Japanese molybdenum consumers are eyeing April term moly contracts in order to replenish stocks.

As quoted in the market news:

Japanese steelmakers, notably the electric arc furnace operators, are keen to start April contract talks as soon as they finalize their business plan for the fiscal year 2012-2013 (April-March), in the second week of February. They are low on raw material stocks, said buyer and producer sources.

Click here to read the full Platts report.