Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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September 2008 | Steel Raw Materials


Buyers return at lower price levels: North American Highlights


During the summer months it can be difficult to fully judge the level of market demand due to the limited number of trades taking place.

During the summer months it can be difficult to fully judge the level of market demand due to the limited number of trades taking place. With the reigniting of the market in September, we have seen pricing established at levels $200/tonne lower than at the end of August. Nevertheless, it seems that prices have now levelled off, for the time being at least, with average domestic prices for HMS No 1 in the third week of September falling to $298/l.ton and $292/l.ton for HMS No 2. US East Coast export prices for HMS No 1 have fallen to $355/tonne. ...as finished steel prices fall The cause of the contraction in the US domestic scrap price has been the result of...

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