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General Moly, Inc. Message Board

  • colonelangus007 colonelangus007 Mar 13, 2013 3:06 PM Flag

    Direct Iron Reduction....

    With the newly developing supply of natural gas, many segments of the US manufacturing industry are poised for beneficial change. One such change is likely to be an increased production of iron by natural gas reduction as opposed to coking coal.

    I'm wondering if this will have some impact on molybdenum demand? Comments?

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    • If that in-turn leads to an uptick in domestic steel production, then I see that as a possible driver of a potential increase in domestic molybdenum demand...

      • 1 Reply to matthew1071
      • Moly plays a small part in alloy steel composition although low alloy usage far outweighs other grades of steel. I can't comment on the domestic alloy production though. Moly plays a bigger composition in stainless relative to alloys--mainly commodity grades of austenitics . the US is a poor competitor in mill production with these grades to China, India, etc. i suppose increased domestic demand could cause foreign mill supply to increase. but all this assumes the manufacturing requires these particular grades anyhow.

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