Steel Raw Materials: Weekly Market Tracker is a unique, easy-to-read independent market analysis and independent price forecasting service for all the major key steel raw materials including: ferrous scrap grades, pig iron, iron ore, DRI/HBI, freight, coking coal and coke, energy, zinc, tin, ferro-alloys and energy.
It includes strategic analysis and insights of leading industry companies from our international team of steel raw material specialists and expanded coverage of the Metal Bulletin Research Raw Materials Weighted Price Index providing a clear and instant view of current price trends.
March 09 2010 Issue
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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
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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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09 March 2010
Asian steel markets seem to be factoring in the possibility that iron ore benchmark prices will rise by 70-80% this year instead of the 40% that was predicted early this year.
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09 March 2010
As we have mentioned before spikes in molybdenum prices tend to be followed by just as sharp drops, as was seen in August 2009.
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09 March 2010
LME stocks have been trickling lower steadily and consistently in recent weeks, which would also support firmer prices. However, we do not trust stock flows as there are concerns of large unreported inventories sitting in off-market locations.
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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
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09 March 2010
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09 March 2010
Brazilian producers are still facing upward pressure on their prices this week following Vale’s confirmation that they will increase iron ore prices by 47%.