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

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June 2012 | Steel Raw Materials


MBR's Steel Raw Materials Index fell sharply by 2.08% week-on-week,: Latest Analysis


Spot market activity has been slow, with prices for coke and coal largely stable.


MBR's Steel Raw Materials Index fell sharply by 2.08% week-on-week, bringing the index to levels last seen in November 2010. Deterioration in the index came on plunging global scrap prices, which were steep enough to offset a rise in freight rates. Similarly, MBR's Global Steel Price Index recorded a 0.51% week-on-week decline, as semi-finished and finished products prices continued to slide.US export and domestic scrap prices deteriorated this week, as US HMS No.1 East Coast export prices fell $20/tonne FOB...

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