Commodity Market Report
Global noble steel alloys short-term outlook August 2023
Report summary
There was a divergence in noble alloys price trends in August. Prices for molybdenum rose in response to stronger buying interest and tight market conditions. In comparison, vanadium prices remained largely affected by the low demand from steel market. Meanwhile, niobium prices found support from the special steel sector in August. Despite the end of the seasonal summer lull approaching, we expect ongoing softness in downstream end-use sectors for steel to undermine demand growth for noble steel alloys in the coming months. Please read our report to find out more about these trends, our forecast and the latest movements in the market.
Table of contents
- Molybdenum
- Vanadium
- Niobium
Tables and charts
This report includes 3 images and tables including:
- Molybdenum key forecasts
- Vanadium key forecasts
- Niobium key forecasts
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global bulk steel alloys short-term outlook August 2023
Wood Mackenzie's latest short-term view on chromium, manganese and silicon markets.
$5,000
Commodity Market Report
Global noble steel alloys short-term outlook October 2023
Wood Mackenzie's latest short-term view on molybdenum, niobium and vanadium markets.
$5,000
Commodity Market Report
Global noble steel alloys investment horizon outlook - Q3 2023
Wood Mackenzie's latest long-term view on molybdenum, niobium and vanadium markets
$10,000
