May 2012 | Steel Raw Materials
MBR's Steel Raw Materials Index rose 0.75 points week-on-week: Latest Analysis
Chinese imported iron ore volumes fell month-on-month in March, leaving Australia and Brazil as the key suppliers.
MBR's Steel Raw Materials Index rose 0.75 points week-on-week as
Asia import scrap prices saw slight gains and freight rates rose.
Meanwhile, MBR's Global Steel Price Index was relatively unchanged this
week. We expect the margin between both indices to be maintained
throughout May.
In the US East Coast export market, prices fell last week;
however, increased purchases from Turkish buyers at the end of the week
indicate that the slight $2/tonne slide will reverse this week. In...
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