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Steel Raw Materials
This section displays the latest market developments and up-to-the-minute breaking views direct from MBR’s team of steel raw material analysts, as well as a constantly changing selection of highlighted articles from our dedicated market research report: Steel Raw Materials: Weekly Market Tracker. This report is dedicated to providing market analysis, statistics and price forecasts for the iron ore, scrap, pig iron, DRI/HBI, coking coal, coke and freight markets.
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Breaking Views
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11 February 2010
MBR expects that the 2010 coking coal benchmark prices will be the peak over the coming decade. In the second half of 2009, China emerged as a dominant consumer of international coking coal. Imports increased to around 32m tonnes for the year and are expected to reach 35m tonnes in 2010. Meanwhile, infrastructure and production limitations still exist, making for a tight market situation for the year.
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More breaking views...
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09 March 2010
Export sales have picked up which has in effect squeezed domestic supplies leading domestic mills to source material from smaller suppliers.
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09 March 2010
Turkish scrap prices have had another week of upward movement on the back of growing demand from steel mills.
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09 March 2010
Click here to download this week's data.
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09 March 2010
Japanese mills resort to importing Chinese coke, despite the export levy on such material, in order to build up emergency supplies while coking coal contract talks were proceeding.
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02 March 2010
The latest surge in iron ore prices has encouraged predictions of a 60-70% rise in benchmark price levels this year; up from the forecasts for a 40-50% rise that were widespread at the start of the year.
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02 March 2010
The complicated negotiations to settle 2010 coking coal contract prices and tightness of supply of Australian coking coal, have prompted Japanese blast furnaces to resume purchasing Chinese coke, despite the 40% export levy.
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02 March 2010
Chinese steel officials seem to be the last stakeholder that is unequivocally committed to the long-term pricing system—that is, a system that would minimise price volatility and allow the weight of collective Chinese iron ore buying to force pricing concessions from the miners.