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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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May 2012 | Steel Raw Materials


MBR’s Steel Raw Materials Index fell 0.33% week-on-week: Latest Analysis


Weak scrap purchasing activity from Turkish merchants and a stronger dollar, has taken support away from US East Coast scrap export.


MBR’s Steel Raw Materials Index fell 0.33% week-on-week, on the back of declines in 63.5% Fe-content Indian iron ore prices and freight rates. There was a bearish sentiment across all raw materials this week. MBR’s Global Steel Price Index retreated 1.78% (week-on-week), as flat and long price deterioration in the USA, EU and China remove support from the index.The international scrap market showed...

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