April 2012 | Steel Raw Materials
MBR’s Steel Raw Material Index rose 0.05 points week-on-week: Latest Analysis
Coking coal prices have consolidated across all markets as declines experienced through early March in the global coking coal markets have stopped.
MBRs Steel Raw Material Index rose 0.05 points week-on-week driven by increasing freight rates and a rise in Indian iron ore 63.5% Fe content. Upward movement was also seen in MBRs Global Steel Price index, which rose just 0.01 points. Despite gains in both of the indices, the margin between them has continued to widen, suggesting that increasing raw material costs are putting margin pressure on steelmakers who have not seen...
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