November 2014 | Steel Raw Materials
MBR Steel Raw Materials (SRM) Index falls 0.1%: Latest Analysis
Despite the recent interest rate cut made by the People’s Bank of China in order to lower borrowing costs for most domestic companies and support economic growth, MBR believes small to medium-sized steel-related enterprises will continue to encounter difficulties securing low-cost credit.
MBR Steel Raw Materials (SRM) Index falls 0.1%, as stronger freight rates are unable to mitigate weaker iron ore prices Global iron ore prices continued to suffer from the hangover left by temporary steel production curbs in northern China in October and early November, which has negatively...
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