January 2012 | Steel Raw Materials
This week’s MBR Steel Raw Materials Index is up by just 6 basis points from last week: Latest Analysis
We expect little activity and price movement in
the iron ore market until mid-February.
This weeks MBR Steel Raw Materials Index is up by just 6 basis points from last week at 201.88. Asian scrap import prices and iron ore prices increased modestly, but were largely offset by steep declines in freight rates. US domestic scrap demand is expected to remain firm through the end of the month as earlier momentum has yet to diminish; prices should be upheld as a result. The export...
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