Research

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

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May 2011 | Steel Raw Materials


MBR’s Steel Raw Materials Index fell to 208.07 this week: Latest Analysis


Coking coal prices remained flat this week, even as optimism builds in the market for more normal levels of trade by the end of May.


MBR’s Steel Raw Materials Index fell to 208.07 this week, a decline of 0.8% week-on-week. The main drivers of this change were the declines exhibited by the scrap and freight markets this week.The main domestic scrap markets, especially in the USA, saw prices decline as much as $20/l.ton amid stable demand and more than adequate supply. Steel end-use markets are heading into their seasonally slow periods and steel output...

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