Research

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

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February 2012 | Steel Raw Materials


MBR’s Steel Raw Materials Index posted a scant 0.25% increase: Latest Analysis


Some Turkish scrap activity directed at the USA is tied to the effects of harsh winter weather in the CIS region.


This week, MBR’s Steel Raw Materials Index posted a scant 0.25% increase as a downward correction in iron ore pricing was outpaced slightly by rising international scrap prices and freight rates. This month, raw materials prices are following a similar pattern to 2011, with minor price movements week-to-week and no discernible trend. International scrap prices firmed this week, as buying out of Turkey supported the US East Coast export market. Some of the Turkish...

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