July 2012 | Steel Tracker
Raw materials focus
MBR’s Global Steel Price Index has posted steady declines month-on-month as previous support from higher raw materials prices erodes with the recent declines in scrap and iron ore offers.
Steelmaking cost indices
Abundant gas supplies and seasonal factors have reduced the cost of electricity in the US which is currently at 6.44 cents/KWh. Scrap prices have also come down $81/tonne since the start of the year, eroding...
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