Research

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

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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.


MBR’s 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 October’s rout saw declines of 17% month-on-month. Consumers appear to have ended...

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