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

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November 2013 | Steel Raw Materials


MBR's Steel Raw Materials Index surged higher this week: Latest Analysis


China’s economy continued to show signs of a recovery, as both the Chinese official and HSBC PMIs maintained high levels.

MBR's Steel Raw Materials Index surged higher this week, rising 1.82% week-on-week and marking the fourth consecutive week of increases. Firm Turkish scrap import prices contributed to the strength of the index mitigating modest declines in freight rates. Meanwhile, MBR's Global Steel Price Index rose 0.58% week-on-week owing to increases in Chinese domestic finished steel prices. Chinese import iron ore prices rose over the last week,...

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