Research

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

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August 2015 | Steel Raw Materials


Firm steel prices relieve pressure on iron ore b/marks: Iron Ore Market Analysis


MBR estimates Chinese apparent steel consumption has remained relatively weak given the seasonal and structural downturn in the construction sector and also slower growth in the wider Chinese economy.

Major seaborne Chinese iron ore import benchmarks found modest strength over the past week, as purchasing activity from local mills and firm finished steel prices provided support to iron ore suppliers in pushing through price hikes with new negotiations. Chinese finished steel prices, particularly rebar in the east of the country, have experienced marked increases over the past four weeks, owing largely to improved market sentiment given that downstream fundamentals have started to look relatively well-balanced. In fact, eastern Chinese rebar prices have climbed 12.7% over the past month to RMB2,125/t...

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