That is true, but it is still an expensive, high performance alloy... Chromoly is used in high performance aircraft parts, as well as high performance bike frames. Cheap bikes are made of aluminum... Huge difference. Furthermore, chrome, titanium, and nickle alloys are all hard to machine, and thus used in applications where the effort and cost is worth the end result. If you have ever milled any of those alloys, it becomes very obvious. Lastly, as I mentioned, in the context of having molybdenum in a Javelin missle, it is most likely to be for melting-point properties, as it is used in Waspaloy, one of the most expensive and high performance alloys on Earth, which is used in space shuttles and fighter jets... - edit: also, the common high tensile steels are more like 1045-1085 and 41xx, which do contain chromium, but not molybdenum. Molybdenum is pricy