August 2012 | Steel Raw Materials
Coking coal market suffered last week as demand continues to recede: Latest Analysis
The return of Turkish merchants to the scrap market after Ramadan will provide upward support.
MBRs Steel Raw Materials Index dropped 1.39 points (0.75%) last week, led by declines in iron ore and coking coal prices. The MBR Global Steel Prices Index climbed 1.16% week-on-week, but has been falling since May.
The coking coal markets suffered last week as daily steel production was curtailed...
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