June 2012 | Steel Raw Materials
MBR’s Steel and Raw Materials Index fell this week: Latest Analysis
Turkish steel mills have yet to make large capacity utilisation cutbacks suggesting that mills will be in need of scrap shortly.
MBRs Steel and Raw Materials Index fell this week, recording a decline of 0.8% week-on-week. Price deterioration comes on the back of weakening demand for raw materials, as prices for Asian import HMS No.1 scrap, freight rates, and coking coal fell. MBRs Global Steel Price Index recorded similar declines, falling 0.48% week-on-week, as weakening semi-finished steel product demand brought prices down.
The US East Coast scrap export...
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