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

Alleima raised tube alloy surcharges in Europe, Asia, Africa and Oceania from Oct 1. For hot-finished products, 316/316L rose from €5.26/kg (€5,260/t) to €5.33/kg (€5,330/t); High Mo from €5.74/kg (€5,740/t) to €5.81/kg (€5,810/t); SAF 2205 and SAF 2507 increased 2.26% and 1.95%; and 254 SMO rose 0.70%. The hot-finished energy surcharge more than doubled to €0.21/kg (€210/t). SMM analysis: Mo-bearing surcharges broadly rose, but the energy reset means the full increase cannot be attributed to molybdenum.

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.