08
Nov
19:46
General Moly expects rosier demand next year
US molybdenum producer General Moly Inc expects improved energy related steel demand in 2017, Kallanish learns from the company’s third quarter earnings review.
Demand for molybdenum, a key hardening against for steel, was subdued in Q3, leading General Moly to declare a net loss of $2.1 million.
That should change in 2017 as “… as we see the oil market stabilise and energy related steel production increasing,” says ceo Bruce Hansen.
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Anonymous
Very good overview of the weekly steel market.
Anonymous