September 2012 | Steel Raw Materials
MBR's Steel Raw Materials Index fell 0.37% week-on-week: Latest Analysis
QE3 is unlikely to signal the start of raw material price improvements.
MBR's Steel Raw Materials Index fell 0.37% week-on-week, as declines in coking coal and scrap prices weighed on the index. There has been some optimism surrounding the potential for steel demand growth and output following the passing of stimulus measures but we have yet to see much turnaround in prices, except iron ore. MBR's Global Steel Price Index was stable at 113.45, with little effect...
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