【Flash | Global Molybdenum Use Exceeded Production by 4,672 Tonnes in Q2 2026】

Spanish stainless steel producer Acerinox set its October European flat-product surcharge for 316L (1.4404) at €3.972/kg, down €0.035/kg or 0.87% from September. Surcharges for higher-molybdenum grades also eased: 904L fell 1.21% to €7.004/kg, 317L declined 0.77% to €5.187/kg, and duplex 2205 slipped 0.15% to €3.994/kg. By contrast, 316L long-product surcharges rose to €4.323/kg for billet, €4.499/kg for wire rod, €4.715/kg for angle/hot-rolled bar, and €5.252/kg for wire/bright bar, up 0.75%-1.12% month on month. Alloy surcharges reflect multiple inputs, including nickel, chromium, molybdenum and energy, and should not be read as a pure molybdenum-price signal.

Steel Authority of India Ltd (SAIL) outlined a target of selling approximately 3 million mt of subgrade iron ore fines in FY2026–27 as part of efforts to monetize an accumulated stockpile of around 32 million mt. During the company’s 28 July investor call, Chairman and Managing Director Ashok Panda said approximately 3 million mt had already been offered for auction, with bid prices awaited at the time. Management cited demand for subgrade fines containing around 59–60% iron and Bolani tailings containing approximately 56–58% iron. Logistics remained a constraint, with SAIL seeking better railway rake availability and increased road dispatches to support ore shipments.

Bharat Heavy Electricals Limited’s Haridwar plant has opened a tender for 40 tonnes of ferromolybdenum. The procurement uses a reverse auction and may be split 60:40 between up to two suppliers. The delivery schedule calls for 25 tonnes within 30 days of the contract start and 15 tonnes within 60 days. Under the price-adjustment formula, 80% of the invoiced price is linked to the Argus 60% Mo ferromolybdenum ex-works India index. The tender also includes a quantity option of up to 25%. No award or transaction price has yet been disclosed.