October 2014 | Steel Raw Materials
MBR Steel Raw Materials (SRM) Index falls 2.1%: Latest Analysis
MBR expects US scrap prices will decline $10-20/l.ton with October’s negotiations, given that dealers are showing little-to-no resistance at accepting lower prices.
MBR Steel Raw Materials (SRM) Index falls 2.1%, as scrap prices decline in most major steel markets Despite the fact that scrap prices are yet to settle in the USA and Europe, MBR understands that negotiations on domestic benchmarks in these major scrap consuming regions have been undermined by slack seaborne demand and some Turkish mill buyers...
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