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

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May 2015 | Steel Raw Materials


Prices press miners to enact supply discipline: Coking Coal and Coke Market Analysis


Past monetary-policy tightening to help cool the housing market, clamp down on credit growth, and reduce excess investment and overcapacity, has introduced a short-term cyclical downturn, to an economy that is already undergoing significant change; the effect of which has stunted the seasonal spring industry revival. S

Steel demand in China continues to underwhelm though as expected, industrial production growth has started to revive in Q2, but only by 0.3% year-on-year from the March period to 5.9% in April. Regardless of any tiny demand-related revival, steel prices are falling, adding to the real debt burden for mills, by lowering the relative price of assets in relation to their liabilities (which remain unchanged). Thus, the end of very rapid demand growth in China in 2013 has resulted in ongoing downward pressure on coking coal and coke. This is especially acute,...

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