April 2012 | Steel Raw Materials
MBR's Steel Raw Materials Index increased 0.25% week-on-week: Latest Analysis
US East Coast exporters raised scrap prices on strong Turkish buying activity.
MBR's Steel Raw Materials Index increased 0.25% week-on-week on strengthening scrap and Indian iron ore prices. Gains in iron ore and Asia import scrap grades were enough to offset a decline in freight rates. Similarly, MBR's Global Steel Price Index rose 0.47% week-on-week, adding further support to raw materials prices this month.The US East Coast scrap export market remained strong this month with streams of bookings from...
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