March 2013 | Steel Raw Materials
International coking coal FOB prices are down: Latest Analysis
Scrap price gains in the US Midwest were down to aggressive buying.
MBRs Steel Raw Material Index gained momentum this week, as US domestic scrap prices increased between $30-40/l.ton, delivered mill terms, across all grades. The Index boasted a 1.03% week-on-week increase, as scrap price increases offset Chinese coke and Indian iron ore 63.5% price declines. MBR's Global Steel Price Index fell 0.39% week-on-week, as Chinese HR coil and rebar and CIS billet prices retreated this week.
Coking coal...
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