February 2012 | Steel Raw Materials
The MBR Steel Raw Materials Index dropped 3.22 points (1.61%) lower this week to 197.03: Latest Analysis
Weak fundamentals are affecting zinc’s price rally and it remains to be seen if the rebound will falter.
The MBR Steel Raw Materials Index dropped 3.22 points (1.61%) lower this week to 197.03. The fall was driven predominantly by scrap price falls, which pushed the index below the 200 mark for the first time in 2012. Although this appears to set a negative tone, with the exception of scrap prices, most prices are up or flat as purchasing activity has remained unresponsive to the return to work by Asia.As expected, US scrap prices tumbled as a result...
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