January 2012 | Steel Raw Materials
The MB Raw Materials Index dropped by 0.55% this week to 200.25: Latest Analysis
Mills will look to rebuild inventories and coupled with increases in crude steel production and other demand indicators including automobile production provided a sense of optimism in December.
The MB Raw Materials Index dropped by 0.55% this week to 200.25. This minor fall reflects the lack of activity in Asian markets and the continued uncertain outlook in the eurozone. Freight rates continued to fall, but there was a sense of optimism as the Dampier-Qingdao route saw some gains. The US recovery appears to be waning slightly, with scrap prices facing downward pressure and...
ACCESS RESTRICTED
You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.
SUBSCRIBE
Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.
Subscribe