October 2018 | Steel Raw Materials
Steelmaking raw materials demand has strengthened as China has come back from a holiday break: Latest Analysis
Our research team attended the Bureau of International Recycling (BIR) meeting in London this past weekend where at the ferrous division we presented our view on scrap markets in the United States and across Europe.
Steelmaking raw materials demand has strengthened as China has come back from a holiday break, but weaker conditions are expected for the rest of the fourth quarter After a quiet first week of October the MBIOI-62 index hit a seven-month record high above the $70-per-tonne mark on Tuesday this week, after markets in China were closed for a week of celebrations marking Chinas national day last week. Looking ahead, however, the slowing demand growth...
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