November 2011 | Steel Raw Materials
MBR’s Steel Raw Materials Index declined by 1.2% this week: Latest Analysis
Iron ore consumers appear to have ended their protracted destocking cycles and are keen to replenish inventories.
MBRs Steel Raw Materials Index declined by 1.2% this week, the slowest decline in three weeks as steep cuts in iron ore and coke and coking coal came to an end. Raw materials prices still fell faster than global steel product prices, to the relief of steelmakers.Iron ore prices finally bottomed out this week after Octobers rout saw declines of 17% month-on-month. Consumers appear to have ended...
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