September 2018 | Steel Raw Materials
The high pricing environment in steel has boosted feedstock prices: Latest Analysis
Iron ore and coking coal prices averaged higher than we expected in August, but while we were overly bearish for feedstock price developments last month, we expect the downturn which has begun in recent weeks will linger and push down prices through the autumn as demand falls.
THE HIGH PRICING ENVIRONMENT IN STEEL HAS BOOSTED FEEDSTOCK PRICES... Although the somewhat modest price downturn took hold of the iron ore market in the last three weeks of August, Metal Bulletins fines 62% Fe fines benchmark still managed to average 3.6% higher month-on-month. The star performer, the price for 65% Fe iron ore pellets, continued to impress as it jumped nearly 15% higher last month and edged close to the $150-mark, making August the...
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