Research

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

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August 2018 | Steel Raw Materials


Weakening local currencies in key import markets become the growing concern: Latest Analysis


We have yet to see whether the recent doubling of US tariffs on Turkish steel to 50% will have a significant impact on Turkey’s scrap demand by forcing the producers to cut rebar and thus raw steel production.

WEAKENING LOCAL CURRENCIES IN KEY IMPORT MARKETS BECOME THE GROWING CONCERN Despite seaborne iron ore and coking coal prices rising last week, the pressure mounts from the depreciating Chinese yuan. The widened gap between import material purchased in US dollars and Chinese port stocks purchased in Chinese yuan has incentivized Chinese customers to buy iron ore at the ports rather than on the seaborne market. Similarly...

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