March 2012 | Steel Raw Materials
MBR's Steel Raw Materials Index declined 0.1% week-on-week: Latest Analysis
A rise in manufacturing activity has led to a slight surplus in US domestic prime grades.
MBR's Steel Raw Materials Index declined 0.1% week-on-week, as gains in freight rates and Indian iron ore 63.4% were not enough to offset softening scrap prices. MBR's Global Steel Price Index recorded a similar decline, falling 0.2% week-on-week. US domestic scrap prices for most grades remained unchanged this week with the exception of prime scrap. An increase...
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