Global noble steel alloys short-term outlook July 2023
Noble alloys prices continued to remain stable in July. Molybdenum Chinese prices showed steady increase in response to renewed buying activity in China. Meanwhile, prices of Niobium and Vanadium showed positive momentum in Europe on spot supply shortage. In the near term, we expect noble alloys markets will continue to face headwinds from uncertain demand, the banking crisis, interest rate hikes and the risk of recession through the rest of the year. Please read our report to find out more about these trends, our forecast and the latest movements in the market.