June 2018 | Steel Raw Materials
Iron ore and coking coal prices rise despite challenges from scrap: Latest Analysis
Europe, Canada and Mexico had all been granted relief from the 25% steel tariff while the US government carried out negotiations, but these exemptions came to an end with the US administration’s announcement on Thursday 31 May.
IRON ORE AND COKING COAL PRICES RISE DESPITE CHALLENGES FROM SCRAP... The feedstock market was resilient last week despite the approaching summer season which usually brings with it weaker Chinese demand. On the supply side, there were short-term disruptions in the Brazilian steel market as truck drivers went on strike. Iron ore and coking coal prices across the board averaged higher on the week ending Friday June 1 helped...
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