Research

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

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April 2017 | Steel Raw Materials


prices moved to below $70/t for first time since Nov ‘16: Iron Ore Market Analysis


There is a correlation between steel output and steel margins over time. When margins rise, output tends to increase and vice versa.

Iron ore prices moved to below $70/t last week for the first time since November last year and are rapidly heading towards $60/t. Slumping steel prices and elevated inventories have shifted sentiment in the futures market (potentially a market investigation may also be a factor). But the physical market is now driving the bus. With the lack of futures support to sell into, physical traders are looking to offload cargoes...

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