Research

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

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April 2019 | Steel Raw Materials


The acceleration in industrial production growth suggests price dynamics are not merely supply driven: Latest Analysis


A credible upside risk to steelmaking raw materials relates more to finished steel markets and the revival in basic margins or metal spreads in recent weeks.

The acceleration in industrial production growth suggests price dynamics are not merely supply drivenThough provisional GDP growth may be flat-lining as expected – the first estimates from official sources are at 6.4% year-on-year in China, unchanged from Q4 – industrial production has outperformed, accelerating from 6.2% to 6.5% year-on-year in the past quarter. In the circumstances, it is not so surprising that steel production is again beating our expectations though analysing the data in detail suggests the growth, at least in terms of...

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