As the revelation of Q1 profit status, the situation draws various attention to the steel industry. The molybdenum industry is down with steel industry, which will stay low for a relative long time.

　　According to the latest statistics, there are about a hundred steel mills with net deficiency of RMB 7.53 billion yuan. The output fells 1.7%, and consumpution fells 6.3%. Though the export tarriff is lifting from May, but this may not give a strong support to the overall market.

　　According to comelan statistics, everytime the steel mills hold tenders, the biding price drops, which posed a dilemma to molybdenum industry. The molybdenum price is kidnapped by steel mills, surrenders to the depression.

　　The domestic market nearly loses confidence on future. With pessimistic attitude hanging over the market, some producers choose production reduction or halts to seek survival.