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

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October 2013 | Steel Raw Materials


MBR’s Steel Raw Materials Index rose moderately this week, increasing 2.15% week-on-week: Latest Analysis


A stabilisation of China’s economic growth has encouraged steelmakers to maintain high rates of crude steel production.

MBR’s Steel Raw Materials Index rose moderately this week, increasing 2.15% week-on-week, owing to some higher iron ore and scrap import prices. Meanwhile, MBR’s Global Steel Price Index softened due to weaker European finished steel prices. The iron ore market fundamentals remained in balance this week, continuing the trend since mid-July, where prices move rangebound around $130-140/tonne CFR China. While the seasonal demand recovery in...

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