November 2018 | Steel Raw Materials
Iron ore prices set to weaken further after last week’s decline: Latest Analysis
With Liberty House re-starting electric-arc furnace (EAF) capacities across the UK, the country is expected to see demand for ferrous scrap, prime grades in particular, increasing over the next couple of years after declines during 2015-17.
Iron ore prices set to weaken further after last weeks decline Iron ore prices dropped last week across all grades, both for fines and pellet, amid a seasonal depression. The strongest performer most recently, the 62% Fe fines index, posted the first decline on a weekly average basis after seven consecutive weeks of price rises. And while for the supply side we estimate...
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