Alloy Raw Materials Prices Diverge, Bringing Varied Cost Pressures to Steel Tubes

As of June 8, prices of alloy raw materials showed divergent trends. Chromium products weakened, while molybdenum prices kept rising sharply. Nickel prices fluctuated within a range amid mixed market sentiment. Higher molybdenum costs pushed up production expenses for oil well tubes and boiler tubes. Lower chromium prices benefited stainless steel tubes, and elevated nickel prices kept costs high for high-nickel alloy tubes.