March 2012 | Steel Raw Materials
MBR's Steel Raw Materials Index continued on its upward trend this week: Latest Analysis
Australian-origin coking coal pricing has stabilised due to supply disruptions caused by storm damage and flooding earlier this month.
MBR's Steel Raw Materials Index continued on its upward trend this week, increasing 0.134% week-on-week. A surge in freight rates was enough to cancel out the effects of a decline in Indian iron ore prices, pushing the index to a seven-week high. Overall, MBRs index showed strength throughout March, averaging 198.40 across the month, while MBRs Global Steel Price Index trended downward throughout the month. US East Coast export prices rolled...
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