May 2010 | Steel Raw Materials
This week’s index of steel raw materials prices fell by 1.5%: Latest Analysis
Seaborne iron ore prices have dropped quite significantly this week following a three week trend of falling prices. Iron ore delivered to China is now around $173/tonne cfr China port for 63.5% Fe-content Indian material.
- This weeks index of steel raw materials prices fell by 1.5% on the back of retreating demand for imported feedstocks into Asia.
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As stated last week, the expectation of falling scrap prices brought about a decline in booking activity over the week and prices indeed fell. We are now seeing offers as low...
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