Zhong Guo Jing Ying Bao·2025-08-07 01:33Core Viewpoint - The joint statement from major steel companies highlights the irrational price surge of molybdenum iron, leading to a suspension of its procurement to protect the supply chain of high-end manufacturing equipment [1][2][7]. Group 1: Market Dynamics - Molybdenum iron prices have significantly increased, with a rise from 238,000 RMB/ton to 272,000 RMB/ton in July, marking a 14.3% increase [2][3]. - The price surge is attributed to a supply-demand imbalance, exacerbated by a mining accident that affected a key producer, leading to heightened concerns over supply shortages [3][4]. - The demand for molybdenum iron is driven by the growth in high-end manufacturing and energy sectors, with expectations of continued price strength due to limited supply and increasing demand [4][5]. Group 2: Industry Response - The three steel companies called for a return to fundamental pricing, urging the industry to resist speculative trading and ensure prices reflect true supply and demand [7][8]. - They emphasized the importance of industry self-discipline and cooperation to stabilize prices of key raw materials like molybdenum iron and molybdenum concentrate [7]. - The companies committed to participating in industry dialogue and supporting the national initiative against excessive competition to ensure stable supply and reasonable pricing of molybdenum iron [7][8].