China's molybdenum consumption to grow 11.4%

摘要

China's molybdenum consumption for 2012 is expected to increase 11.4% year on year on growing demand from stainless and specialty steel producers, the country's top molybdenum producer, China Molybdenum Co. said Monday. Chinese carbon steel producers have been looking to lift the proportion of specialty steel, such as high-strength structure steel and stainless steel, to meet growing demand from downstream users.