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

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February 2017 | Steel Raw Materials


Freight Highlights: 22 February 2017


A roundup of MBR's freight statistics for the week of 22 February 2017

Bulk freight rates appear to be finally following developments in most steelmaking raw materials markets. The Baltic Exchange Dry Index (BDI) revived strongly last week to 741 up from 702, thanks to positive developments in handysize, supramax, and especially capesize rates after several weeks of decline. And on Monday, the Dampier-to-China route used by Rio Tinto recovered by $0.65/t over the past week...

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